Last checked at 2 Jun 2017 15:42
02 June 2017
Frontier Developments plc
(the "Company")
EBT & PDMR Dealings
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company"), a leading developer of video games, announces the following dealings:
Employee Benefit Trust Dealings
Today the Company was notified by Estera Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 58,000 ordinary shares of 0.5 pence in the Company ("Shares") to meet employee share option awards at an average exercise price of 169.6 pence per Share.
Following this exercise of options, 57,000 Shares were repurchased by the EBT at 406 pence per Share. The balances of 1,000 Shares are to be transferred to employees.
Following this transaction, the EBT is interested in 104,645 Shares, representing 0.3 per cent of the Company's total issued share capital.
James Dixon, a PDMR's of the Company, exercised options over 12,000 Shares at an exercise price of 89 pence per Share.
Amanda Alsop, also a PDMR of the Company, exercised options over 2,000 Shares at an exercise price of 224.5 pence per Share.
Following the exercise of these options Mr Dixon and Mrs Alsop sold 12,000 and 2,000 Shares, respective at a price of 406 pence per Share.
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.
Enquiries:
Frontier Developments | +44 (0)1223 394 300 |
David Braben, CEO David Walsh, COO Alex Bevis, CFO & Company Secretary
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Numis - Nomad and Joint Broker | +44 (0)20 7260 1000 |
Simon Willis / Jamie Lillywhite(Nomad) / Toby Adcock
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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: James Dixon | ||||
2. | Reason for the notification | ||||
a) | Position/status: Director of Operations | ||||
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: 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: 12,000 · Price: 0.89 | ||||
e) | Date of the transaction: 2017-06-01 | ||||
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: James Dixon | ||||
2. | Reason for the notification | ||||
a) | Position/status: Director of Operations | ||||
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: Sales of shares | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 12,000 · Price: 4.06 | ||||
e) | Date of the transaction: 2017-06-01 | ||||
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: Amanda Alsop | ||||
2. | Reason for the notification | ||||
a) | Position/status: Lead Group Accountant | ||||
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: Acquisition of shares linked to an exercise under a share option programme | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 2,000 · Price: 2.245 | ||||
e) | Date of the transaction: 2017-06-01 | ||||
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: Amanda Alsop | ||||
2. | Reason for the notification | ||||
a) | Position/status: Lead Group Accountant | ||||
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: Sale of shares | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 2,000 · Price: 4.06 | ||||
e) | Date of the transaction: 2017-06-01 | ||||
f) | Place of the transaction: Outside a trading venue |