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3 Mar 2021 10:44
Frontier Developments plc
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that employees of the Company have exercised in aggregate options over 38,742 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans. Of the options exercised by employees, three Directors of the Company have, in aggregate, exercised 37,559 share options (the "Options") and subsequently sold 37,559 Ordinary Shares on 1 March 2021.
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.
Name of Director | Role | Number of Options exercised | Weighted exercise price of Options exercised | Total Number of options held following the exercise |
Alex Bevis | CFO & Company Secretary | 9,279 | 517p | 167,976 |
Jonathan Watts | Chief Creative Officer | 23,648 | 203p | 145,322 |
David Walsh | Non-Executive Director | 4,632 | 1,036p | 19,016 |
Resultant Holding | ||||
Name of Director | Total number of Ordinary Shares sold | Weighted price of Ordinary Shares sold | Number of Ordinary Shares held following the sales | Percentage of issued share capital |
Alex Bevis | 9,279 | 2,424p | 17,000 | 0.04% |
Jonathan Watts | 23,648 | 2,419p | 20,000 | 0.05% |
David Walsh | 4,632 | 2,432p | nil | nil |
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 39,332,440 Ordinary Shares.
The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,332,440.
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 / Deborah Roney / 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: Alex Bevis | ||||||||||||
2. | Reason for the notification | ||||||||||||
a) | Position/status: CFO and Company Secretary | ||||||||||||
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)
| Price(s) and volume(s): a)
b)
| ||||||||||||
d) | Aggregated information: a)
b)
| ||||||||||||
e) | Date of the transaction(s): 1 March 2021 | ||||||||||||
f) | Place of the transaction: a) Outside a trading venue b) London Stock Exchange |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||||||
a) | Name: Jonathan Watts | ||||||||||||||
2. | Reason for the notification | ||||||||||||||
a) | Position/status: Chief Creative 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: a) Exercise of Options b) Disposal of Ordinary Shares | ||||||||||||||
c)
| Price(s) and volume(s): a)
b)
| ||||||||||||||
d) | Aggregated information: a)
b)
| ||||||||||||||
e) | Date of the transaction(s): 1 March 2021 | ||||||||||||||
f) | Place of the transaction: a) Outside a trading venue b) 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: a) Exercise of Options b) Disposal of Ordinary Shares | ||||||||||||
c)
| Price(s) and volume(s): a)
b)
| ||||||||||||
d) | Aggregated information: a)
b)
| ||||||||||||
e) | Date of the transaction(s): 1 March 2021 | ||||||||||||
f) | Place of the transaction: a) Outside a trading venue b) London Stock Exchange |
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