Last checked at 13 Sep 2019 14:15
Frontier Developments plc
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 12 September 2019, Rockspring, a UK company, exercised options over 170,742 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") at an average exercise price of 117.1 pence. Following the exercise, Rockspring sold 80,000 of these Ordinary Shares at a price of £10.32 per Ordinary Share during the period 12 September 2019 to 13 September 2019, therefore retaining 90,742 Ordinary Shares of the total number exercised.
Rockspring was awarded these options in 2013 for services provided to Frontier in support of the Company's pre-IPO fundraising and IPO. David Gammon, Frontier's Non-Executive Chairman, is a Director of Rockspring and, together with his family, is beneficially interested in these Ordinary Shares.
Following the transactions detailed above, David Gammon is beneficially interested in a total of 437,462 Ordinary Shares, representing approximately 1.1% of the Company's issued share capital.
Application has been made to the London Stock Exchange for the 170,742 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 18 September 2019.
Total Voting Rights
In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following Admission, its issued share capital will consist of 38,911,810 Ordinary Shares.
The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 38,911,810.
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 394300
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
About Frontier Developments plc
Frontier is a leading developer and publisher of videogame franchises 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 games, currently focusing on videogame consoles and personal computers.
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 Gammon | ||||||
2. | Reason for the notification | ||||||
a) | Position/status: Non-Executive Chairman | ||||||
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: Exercise of options | ||||||
c)
| Price(s) and volume(s):
| ||||||
d) | Aggregated information: Aggregated volume: 170,742 Aggregated average price: 117.1p | ||||||
e) | Date of the transaction: 12 September 2019 | ||||||
f) | Place of the transaction: Outside a trading venue |
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 Gammon | |||||||||
2. | Reason for the notification | |||||||||
a) | Position/status: Non-Executive Chairman | |||||||||
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 Ordinary Shares | |||||||||
c)
| Price(s) and volume(s):
| |||||||||
d) | Aggregated information: Aggregated volume: 80,000 Aggregated average price: £10.32 | |||||||||
e) | Date of the transaction: 12 and 13 September 2019 | |||||||||
f) | Place of the transaction: London Stock Exchange |