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IN BRIEF: Team17 chair-designate buys shares after profit warning

27th Nov 2023 11:25

Team17 Group PLC - Wakefield, England-based developer of video games, educational entertainment apps for children, and working simulation games - Chair-Designate Frank Sagnier buys 108,000 shares at 190 pence, worth GBP205,200, on Friday. Team17 shares had fallen more than 40% that day, after the company warned of a decline in annual earnings, partly on "project overspends". Sagnier will replace Chris Bell as chair at the end of December. During his career, Sagnier worked for video game maker Electronic Arts Inc. His purchase of Team17 shares is his first holding.

Current stock price: 182.72p, up 1.5% on Monday in London

12-month change: down 60%

By Tom Waite, Alliance News editor

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