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TEAM17 GROUP PLC Remuneration Information 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8924Q
Team17 Group PLC
30 June 2022
30 June 2022
Team17 Group plc
("Team17", the "Group" or the "Company")
Grant of Options to Directors / PDMRs
Team17 Group plc (AIM:TM17) announces that in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2021, the Company has granted options (the "Options") over 313,500 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to executive directors and now includes Michael Pattison, as CEO of the Group's core business Team 17 Digital as follows:
| Director | Position | Number of options granted | Total options held following this grant |
| Debbie Bestwick | Group CEO | 159,000 | 309,943 |
| Mark Crawford | Group CFO | 75,000 | 120,355 |
| Michael Pattison | Team 17 Digital CEO | 79,500 | 92,035 |
The Options are granted over Ordinary Shares with no exercise price. The Options are granted subject to the rules of the Plan and based on a stretching range of adjusted EPS performance, measured over the three years to 31 December 2024, full details of the performance criteria can be found in the 2021 Annual Report www.team17.com.
As a result of the above transactions, details of the relevant directors' holdings of Ordinary Shares and options over Ordinary Shares are as follows:
| Name | No. of Ordinary Shares held | % of issued Ordinary Share capital | No. of Options held |
| Debbie Bestwick | 30,266,945 | 20.79% | 309,943 |
| Mark Crawford | 16,193 | 0.01% | 120,355 |
| Michael Pattison | 1,000 | 0.01% | 92,035 |
In total, the Company has granted options over 733,086 ordinary shares of £0.01 each, representing approximately 0.5 per cent. of the existing issued ordinary share capital.
| 1 | Details of the person discharging managerial responsibilities | ||
| a) | Name | Debbie Bestwick | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group Chief Executive Officer | |
| b) | Initial notification/amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Team17 Group plc | |
| b) | LEI | 2138006EUUCCL4ZI5E51 | |
| 4 | Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of financial instrument, type of instrument Identification code |
Ordinary shares of 1 pence each ("Ordinary Shares") and options over Ordinary Shares ISIN: GB00BYVX2X20 |
|
| b) | Nature of the transaction | Grant of options over 159,000 Ordinary Shares; | |
| c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
| NIL | 159,000 options | ||
| d) | Aggregated information | Not applicable | |
| e) | Date of transaction | 29 June 2022 | |
| f) | Place of the transaction | London |
| 1 | Details of the person discharging managerial responsibilities | ||
| a) | Name | Mark Crawford | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group Chief Financial Officer | |
| b) | Initial notification/amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Team17 Group plc | |
| b) | LEI | 2138006EUUCCL4ZI5E51 | |
| 4 | Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of financial instrument, type of instrument Identification code |
Options over Ordinary Shares ISIN: GB00BYVX2X20 |
|
| b) | Nature of the transaction | Grant of options over 75,000 Ordinary Shares | |
| c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
| NIL | 75,000 options | ||
| d) | Aggregated information | Not applicable | |
| e) | Date of transaction | 29 June 2022 | |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities | ||
| a) | Name | Michael Pattison | |
| 2 | Reason for the notification | ||
| a) | Position/status | Team17 Digital Chief Executive Officer | |
| b) | Initial notification/amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Team17 Group plc | |
| b) | LEI | 2138006EUUCCL4ZI5E51 | |
| 4 | Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of financial instrument, type of instrument Identification code |
Options over Ordinary Shares ISIN: GB00BYVX2X20 |
|
| b) | Nature of the transaction | Grant of options over 79,500 Ordinary Shares | |
| c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
| NIL | 79,500 options | ||
| d) | Aggregated information | Not applicable | |
| e) | Date of transaction | 29 June 2022 | |
| f) | Place of the transaction | Off market |
Enquiries:
| Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer |
via Vigo Consulting |
| GCA Altium (Nominated Adviser) Adrian Reed / Tim Richardson |
+44 (0)845 505 4343 |
| Berenberg (Broker) Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff |
+44 (0)20 3207 7800 |
| Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kate Kilgallen [email protected] |
+44 (0)20 7390 0233 |
About Team17 Group plc
Team17 Group plc is a global provider of games entertainment to a broad audience. The Group now includes - a games entertainment label and creative partner for indie developers, a leading developer of educational apps, aimed at children under the age of eight and a leading working simulation games developer and publisher.
Visit www.team17.com for more info.
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