Last checked at 22 Oct 2020 16:27
Frontier Developments plc
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that Charles Cotton, a Non-Executive Director and PDMR of the Company, exercised options over a total of 50,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans on 21 and 22 October 2020. Following these exercises, Charles Cotton subsequently sold a total of 50,000 Ordinary Shares on 21 and 22 October 2020.
The Company was also notified that David Walsh, a Non-Executive Director and PDMR of the Company, sold 3,500 Ordinary Shares on 21 October 2020.
The Options exercised and Ordinary Shares sold by the Directors are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option following these transactions.
Name of Director | Role | Number of Options exercised | Weighted Average Exercise price of Options exercised | Total Number of Options held following the exercise |
Charles Cotton | Non-Executive Director | 50,000 | 226p | Nil |
Resultant Holding | |||||
Name of Director | Role | Ordinary shares sold | Weighted Average Price of Ordinary shares sold | Number of Ordinary Shares held following the sale | Percentage of issued share capital |
Charles Cotton | Non-Executive Director | 50,000 | 2,625p | 154,659(1) | 0.39%(1) |
David Walsh | Non-Executive Director | 3,500 | 2,591p | Nil | Nil |
(1)Including Charles Cotton's direct family holdings
Total Voting Rights
In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following the exercise of Options, its issued share capital consists of 39,249,088 Ordinary Shares.
The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,249,088.
The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Frontier Developments +44 (0)1223 394 300
David Braben, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
Jefferies - Joint Broker +44 (0)20 7029 8000
Max Jones / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / David Allchurch
About Frontier Developments plc
Frontier is a leading independent developer and publisher of videogames founded in 1994 by David Braben, co-author of the iconic Elite game. Based in Cambridge, Frontier uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and videogame consoles. As well as self-publishing internally developed games, Frontier also publishes games developed by carefully selected partner studios under its Frontier Foundry games label.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
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 | ||||||||||||||||
a) | Name: Charles Cotton | ||||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a) | Position/status: Non-Executive Director | ||||||||||||||||
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: a) Exercise of Options b) Disposal of Ordinary Shares c) Exercise of Options d) Disposal of Ordinary Shares | ||||||||||||||||
c)
| Price(s) and volume(s): a)
b)
c)
d)
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d) | Aggregated information:
Exercise of Options (a and c)
Sale of Ordinary Shares (b and d)
| ||||||||||||||||
e) | Date of the transaction(s): a) 21 October 2020 b) 21 October 2020 c) 22 October 2020 d) 22 October 2020 | ||||||||||||||||
f) | Place of the transaction: a) Outside a trading venue b) London Stock Exchange c) Outside a trading venue d) London Stock Exchange |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: David Walsh | ||||
2. | Reason for the notification | ||||
a) | Position/status: Non-Executive Director | ||||
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: Disposal of Ordinary Shares
| ||||
c)
| Price(s) and volume(s):
| ||||
d) | Aggregated information: n/a - Single transaction
| ||||
e) | Date of the transaction(s): 21 October 2020 | ||||
f) | Place of the transaction: a) London Stock Exchange
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