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Last checked at 
19 Oct 2017 14:02
19 October 2017
Frontier Developments plc
Sharesave Option Grants / PDMR Dealings
In October 2017 Frontier Developments plc (the "Company") established an all-staff Sharesave equity plan (the "Plan"), which Directors are also entitled to participate in. The Plan is approved by HMRC and consists of a three year savings contract linked to a share option grant. The four Executive Directors have all committed to the Plan and, as a result, options over 1,890 ordinary shares of 0.5 pence each ("Ordinary Shares") with an exercise price of 952 pence per Ordinary Share (the "Options") were granted to each Executive Director on 6 October 2017. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months.
Following these grants, the number of Ordinary Shares held under option by each of the Executive Directors is as follows:
Name of Director | Position | Number of Options granted on 6 October 2017 | Total Number of Options held |
David Braben | Chief Executive Officer | 1,890 | 309,279 |
David Walsh | Chief Operating Officer | 1,890 | 9,279 |
Jonathan Watts | Chief Creative officer | 1,890 | 69,279 |
Alex Bevis | Chief Financial Officer and Company Secretary | 1,890 | 309,279 |
Enquiries:
Frontier Developments +44 (0)1223 394 300
David Braben, CEO
David Walsh, COO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
finnCap - Joint Broker +44 (0) 207 220 0500
Matt Goode / Giles Rolls
Alice Lane
Tulchan Communications +44 (0) 207 353 4200
James Macey White / Matt Low
About Frontier Developments plc
Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent creator of self-published videogame franchises 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, currently focusing on videogame consoles and personal computers.
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: Alex Bevis | ||||
2. | Reason for the notification | ||||
a) | Position/status: CFO and Company Secretary | ||||
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: Grant of 1,890 options over ordinary shares of 0.5 pence each with an exercise price of 952 pence per share. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months. | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 1,890 · Price: 952p | ||||
e) | Date of the transaction: 2017-10-06 | ||||
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 Braben | ||||
2. | Reason for the notification | ||||
a) | Position/status: Chief Executive 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: 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: Grant of 1,890 options over ordinary shares of 0.5 pence each with an exercise price of 952 pence per share. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months. | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 1,890 · Price: 952p | ||||
e) | Date of the transaction: 2017-10-06 | ||||
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 Walsh | ||||
2. | Reason for the notification | ||||
a) | Position/status: Chief Operating 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: 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: Grant of 1,890 options over ordinary shares of 0.5 pence each with an exercise price of 952 pence per share. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months. | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 1,890 · Price: 952p | ||||
e) | Date of the transaction: 2017-10-06 | ||||
f) | Place of the transaction: Outside a trading venue |
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
5. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: Jonathan Watts | ||||
6. | Reason for the notification | ||||
a) | Position/status: Chief Creative Officer | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: Frontier Developments plc | ||||
b) | LEI: 213800B9LGPWUAZ9GX18 | ||||
8. | 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: Grant of 1,890 options over ordinary shares of 0.5 pence each with an exercise price of 952 pence per share. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months. | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: · Aggregated volume: 1,890 · Price: 952p | ||||
e) | Date of the transaction: 2017-10-06 | ||||
f) | Place of the transaction: Outside a trading venue |
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