Last checked at 17 Sep 2020 12:18
Frontier Developments plc
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 16 September 2020 in aggregate options over 21,189 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were exercised under the Company's share option plans. Of the Ordinary Shares exercised, David Walsh, a Director of the Company, exercised 7,389 share options (the "Options") and subsequently sold 7,389 Ordinary Shares. The Company was also notified that Ann Cotton, a person closely associated ("PCA") with Charles Cotton, a Director of the Company, sold 1,927 Ordinary Shares on 16 September 2020.
The Options exercised and Ordinary Shares sold by the Director and PCA 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 | Exercise price of Options exercised | Total Number of Options held following the exercise |
David Walsh | Non-Executive Director | 7,389 | 406p | 23,648 |
Resultant Holding | |||||
Name of Director / PCA | Role | Ordinary shares sold | Price of Ordinary shares sold | Number of Ordinary Shares held following the sale | Percentage of issued share capital |
David Walsh | Non-Executive Director | 7,389 | 2,601p | 3,500 | 0.01% |
Ann Cotton | PCA of Non-Executive Director | 1,927 | 2,598p | 154,659(1) | 0.39%(1) |
(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 39,199,088 Ordinary Shares.
The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,199,088.
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 / 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: 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) n/a - Single transaction b) n/a - Single transaction
| ||||||||
e) | Date of the transaction(s): 16 September 2020 | ||||||||
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: Ann Cotton, PCA of Charles Cotton | ||||
2. | Reason for the notification | ||||
a) | Position/status: PCA of a 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): 16 September 2020 | ||||
f) | Place of the transaction: a) London Stock Exchange
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