Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

 305.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 350.00p
  • 52 Week Low: 152.00p
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 129,781
  • Market Cap: £444.70m

Team17 announces new chair as Chris Bell steps down

By Josh White

Date: Tuesday 22 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Video games label Team17 announced a change in leadership on Tuesday, with Chris Bell, who had been with the company since its initial public offering in 2018 as its non-executive chair, to step down from his position by the end of the year.
The AIM-traded firm said his decision was based on a desire to devote more time to his other business ventures.

In light of that development, Team17 also revealed the appointment of Frank Sagnier as its non-executive chair designate.

Sagnier was scheduled to formally integrate into the company on 6 September, and for a seamless transition, Bell would remain in his position until 31 December, closely working with Sagnier to ensure an orderly handover.

After that, from 1 January, Sagnier would officially adopt the responsibilities of the chair role.

Team17 said Frank Sagnier was no stranger to the gaming industry, boasting an impressive resume spanning more than 25 years with eminent firms including Codemasters, Electronic Arts, Acclaim Entertainment, Double Fusion, and Funcom.

He started professional life in advertising at Grey, before transitioning into marketing roles at Warner Bros Entertainment and Acclaim Entertainment.

In 1999, he joined gaming giant Electronic Arts, where he played pivotal roles in marketing and third-party game development and publishing across the European region.

Furthermore, in 2014 he became chief executive officer of Codemasters, leading a transformative phase culminating in its establishment as a premier developer and publisher of the iconic F1 racing games.

He also facilitated Codemasters' IPO in 2018, and later in 2021, Electronic Arts acquired the company in a massive $1.2bn deal.

In his new role at Team17, Sagnier would preside over the nomination committee and also serve on the audit and remuneration committees.

"I would like to personally thank Chris for his exceptional support and guidance to myself and the board throughout his time as chair, during which he presided over a period of significant financial and operational growth," said chief executive officer Debbie Bestwick.

"I extend a very warm welcome to Frank; he is one of the most respected gaming executives globally in video games, his knowledge is second to none, but equally his leadership and experience in the gaming world will bring huge value to the board as we prepare for the next stage.

"Frank also brings strong merger and acquisition experience that the group will benefit from."

At 1112 BST, shares in Team17 Group were down 1.19% at 331p.

Reporting by Josh White for Sharecast.com.

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Team17 Group Market Data

Currency UK Pounds
Share Price 305.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 350.00p
52 Week Low 152.00p
Volume 129,781
Shares Issued 145.80m
Market Cap £444.70m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Team17 Group Dividends

No dividends found

Trades for 19-Jul-2024

Time Volume / Share Price
16:36 263 @ 305.00p
16:35 354 @ 305.00p
16:35 157 @ 305.00p
16:35 18 @ 305.00p
16:35 179 @ 305.00p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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