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Spread: 4.00 (0.952%)
Market Cap: £145.71m
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EBT Dealings

24 Apr 2015 14:37

RNS Number : 2988L
Frontier Developments PLC
24 April 2015
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24 April 2015

Frontier Developments plc

(the "Company")

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EBT Dealings

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Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following dealings:

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Employee Benefit Trust Dealings

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The Company was notified today by Appleby Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 134,975 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to certain of the Company's employees on 22 April 2015 in order to satisfy the exercise of share options. These options had an average exercise price of 74.6 pence per Ordinary Share. The EBT also purchased 36,545 Ordinary Shares at 219.1 pence per Ordinary Share on 22 April 2015.

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Following this transaction, the EBT is interested in 11,837 Ordinary Shares, representing 0.03 per cent of the Company's total issued share capital.

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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.

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Enquiries:

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Frontier Developments

+44 (0)1223 394 300

David Braben, CEO

David Walsh, COO

Neil Armstrong, CFO

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Canaccord Genuity

+44 (0) 207 523 8000

Simon Bridges/Cameron Duncan

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Finncap

+44 (0) 207 220 0506

Matt Goode

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Tulchan Communications

+44 (0) 207 353 4200

James Macey White

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This information is provided by RNS
The company news service from the London Stock Exchange
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