Team17 is a leading video games label and creative partner for independent (“indie”) developers. The Group supports both owned first party IP and third party IP–through partnering with indie developers globally – in the development and publishing of games across multiple platforms typically for a fixed revenue share. The Group focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise - which has continued to generate approximately £5 million in annual revenue between 2009 and 2017 - as well as Overcooked and The Escapists.

Team17 was founded in 1990 and launched its Games Label in 2014. Expertise:

• Product acquisition: identifying and partnering with highly creative indie developers

• IP & product incubation: a 100+ employee internal creative development studio providing essential resources including additional code, art, audio, design, quality assurance, usability, release management, cross-platform development and support services.

• Go-to-market execution: Team17 uses the experience, skill-set and know-how within its separate commercial team to create consumer awareness and discoverability on digital distribution platforms through sales, marketing, events, public relations, social channels and community marketing.

• Lifecycle management: maximising long term enhanced revenue of games through dynamic price management, incremental downloadable content, promotional planning and strategic additional platform releases.

88 per cent. of the Group’s revenues are generated from digital sales, which facilitates a high level of control over pricing and game lifecycle management, with minimal additional development costs post launch.

… a substantial portion of revenue has been generated from Back Catalogue sales (revenue from titles released in previous years accounted for 53 per cent. of 2017 revenue). … a material proportion of new releases are new titles from existing franchises that accounted for 25 per cent of 2017 revenue.

AIM admission date 23 May 2018

Major shareholders + 3% (5.4.19)

• Deborah (“Debbie”) Jayne Bestwick MBE 22.2%
• LLOYDS DEVELOPMENT CAPITAL ("LDC") 9.9%
• HENDERSON GLOBAL INVESTORS LIMITED 6.4%
• FIL LIMITED 5.6%
• Jonathan Paul (“Paul”) Bray 5.5%
• BLACKROCK, INC. 5.0%
• FINANCIÈRE ARBEVEL 4.8%
• BLACKROCK ADVISORS (UK) LIMITED4.4%
• FIDELITY WORLDWIDE INVESTMENT (FIL) 4.2%