Last checked at 9 Dec 2016 14:07
9 December 2016
Frontier Developments plc
(the "Company")
EBT and Director Dealings
Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following dealing:
Employee Benefit Trust Dealings
The Company was notified today by Estera Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 100,500 shares to meet employee share option awards at an average exercise price of 0.891 pence per Ordinary Share
Following this exercise of options, 25,552 were repurchased by the EBT at 205.0 pence per share to meet the exercise price and individuals' associated tax liabilities. The balances of 74,948 shares are to be transferred to employees.
Following this transaction, the EBT is interested in 143,452 Ordinary Shares, representing 0.4 per cent of the Company's total issued share capital.
The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, who have been granted share options. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.
Director Dealings
Jonathan Watts, Chief Creative Officer exercised share options of 22,000 at an exercise price of 0.89 pence per Ordinary Share.
Following the exercise of these options Mr. Watts sold 9,552 Ordinary Shares at a price of 205.0 pence per Ordinary Share to meet the exercise price and associated tax liabilities.
Following the options exercise and related sale the interests of Mr. Watts are as follows:
Director | Number of Ordinary Shares prior to transaction | Number of Ordinary Shares post transaction | Total interest in Ordinary Shares as % of issued share capital |
Jonathan Watts | 55,390 | 67,838 | 0.2% |
Enquiries:
Frontier Developments | +44 (0)1223 394 300 |
David Braben, CEO David Walsh, COO |
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Numis - Nomad and Joint Broker | +44 (0)20 7260 1000 |
Simon Willis / Toby Adcock / Jamie Lillywhite (Nomad) |
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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
Frontier Developments plc
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: 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: n/a | ||||
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 0.05p each. Identification code: GB00BBT32N39 | ||||
b) | Nature of the transaction: Acquisition of shares linked to an exercise under a share option programme | ||||
c) | Price(s) and volume(s):
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d) | Aggregated information: · Aggregated volume: 12,448 · Price: 0.89p | ||||
e) | Date of the transaction: 2016-12-09 | ||||
f) | Place of the transaction: Outside a trading venue |
Frontier Developments plc
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: 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: n/a | ||||
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 0.05p each. Identification code: GB00BBT32N39 | ||||
b) | Nature of the transaction: Sale of shares | ||||
c) | Price(s) and volume(s):
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d) | Aggregated information: · Aggregated volume: 9,552 · Price: 205p | ||||
e) | Date of the transaction: 2016-12-09 | ||||
f) | Place of the transaction: Outside a trading venue |