Last checked at 28 Sep 2017 08:56
28 September 2017
Frontier Developments plc
(the "Company")
Director and PCA Dealings
Further to the Company's announcements on 20 and 21 September 2017, the Company was notified on 27 September 2017 that Professional Practice Automation LLP ("PPA"), a limited liability partnership in which David Braben, Chief Executive Officer, was a member and through which he was interested in 2,001,573 ordinary shares of 0.5p each in the Company ("Ordinary Shares"), transferred 1,990,573 Ordinary Shares to Mr. Braben's spouse, Mrs. Irvin-Braben, on 27 September 2017 for nil consideration (the "Transfer"). In connection with the Transfer, Mr. Braben resigned as a member of PPA and is no longer interested in the remaining 11,000 Ordinary Shares held by PPA.
Therefore, following the Transfer and Mr Braben's resignation as a member of PPA, Mr. Braben, together with his spouse, remains interested in a total of 14,149,953 Ordinary Shares, representing 37.0% of the Company's issued share capital.
Enquiries:
Frontier Developments | +44 (0)1223 394 300 |
David Braben, CEO David Walsh, COO Alex Bevis, CFO |
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Liberum - Nomad and Joint Broker | +44 (0)203 100 2000 |
Neil Patel / Cameron Duncan |
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Finncap | +44 (0) 207 220 0500 |
Matt Goode/Giles Rolls |
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Tulchan Communications | +44 (0) 207 353 4200 |
James Macey White/Matt Low |
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About Frontier Developments plc
Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.
www.frontier.co.uk
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated ("PCA") | ||||
a) | Name: Professional Practice Automation LLP | ||||
2. | Reason for the notification | ||||
a) | Position/status: PCA of David Braben, Director (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: Frontier Developments plc | ||||
b) | LEI: 213800B9LGPWUAZ9GX18 | ||||
4. | Details of the transaction(s): section 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 the financial instrument, type of instrument: Ordinary shares of 0.5p each. Identification code: GB00BBT32N39 | ||||
b) | Nature of the transaction: Transfer for nil consideration to David Braben's spouse, Wendy Irvin-Braben | ||||
c) | Price(s) and volume(s):
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d) | Aggregated information: Not applicable - single transaction | ||||
e) | Date of the transactions: 27-Sep-17 | ||||
f) | Place of the transaction: Outside a trading venue |
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
5. | Details of the person discharging managerial responsibilities/person closely associated ("PCA") | ||||
a) | Name: Wendy Irvin-Braben | ||||
6. | Reason for the notification | ||||
a) | Position/status: PCA of David Braben, Director (Chief Executive Officer) | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: Frontier Developments plc | ||||
b) | LEI: 213800B9LGPWUAZ9GX18 | ||||
8. | Details of the transaction(s): section 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 the financial instrument, type of instrument: Ordinary shares of 0.5p each. Identification code: GB00BBT32N39 | ||||
b) | Nature of the transaction: Receipt of transfer for nil consideration | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: Not applicable - single transaction | ||||
e) | Date of the transactions: 27-Sep-17 | ||||
f) | Place of the transaction: Outside a trading venue |
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
9. | Details of the person discharging managerial responsibilities/person closely associated ("PCA") | ||||
a) | Name: David Braben | ||||
10. | Reason for the notification | ||||
a) | Position/status: Director, Chief Executive Officer | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
11. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: Frontier Developments plc | ||||
b) | LEI: 213800B9LGPWUAZ9GX18 | ||||
12. | Details of the transaction(s): section 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 the financial instrument, type of instrument: Ordinary shares of 0.5p each. Identification code: GB00BBT32N39 | ||||
b) | Nature of the transaction: Resignation as member of PPA (no longer interested in 11,000 Ordinary Shares as a result) | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: Not applicable - single transaction | ||||
e) | Date of the transactions: 27-Sep-17 | ||||
f) | Place of the transaction: Outside a trading venue |