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395.00 -4.50 (-1.13%)

Bid:

392.50

Ask:

396.00

Spread: 3.50 (0.892%)

Market Cap: £137.22m

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Frontier Developments Signs Development Agreements For Two New Games

Thu, 20th Feb 2014 11:12

LONDON (Alliance News) - Frontier Developments PLC said Thursday that it had signed two development agreements with a new publishing partner for a combined value of GBP3.75 million.

Under the agreements, Frontier will develop two original games using its Cobra technology system.

"These contracts acknowledge Frontier's qualities and adds two exciting new games to our project roster, both of which were ideas generated through our company-wide 'Game of the Week' incubation programme," said Chief Executive Officer David Braben in a statement.

Shares in Frontier were trading up 5.8% at 193.00 pence Thursday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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