TIDMFDEV

RNS Number : 1101U

Frontier Developments PLC

19 October 2017

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         Position                     Number of   Total Number 
  Director                              Options granted     of Options 
                                           on 6 October           held 
                                                   2017 
--------------  --------------------  -----------------  ------------- 
                 Chief Executive 
 David Braben     Officer                         1,890        309,279 
--------------  --------------------  -----------------  ------------- 
                 Chief Operating 
 David Walsh      Officer                         1,890          9,279 
--------------  --------------------  -----------------  ------------- 
 Jonathan        Chief Creative 
  Watts           officer                         1,890         69,279 
--------------  --------------------  -----------------  ------------- 
                 Chief Financial 
                  Officer and 
 Alex Bevis       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 FORM

FOR 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): Price(s)   Volume(s) 
       ---------  ---------- 
        952p       1,890 
       ---------  ---------- 
---  ------------------------------------------------- 
 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 FORM

FOR 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): Price(s)   Volume(s) 
       ---------  ---------- 
        952p       1,890 
       ---------  ---------- 
---  ------------------------------------------------- 
 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 FORM

FOR 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): Price(s)   Volume(s) 
       ---------  ---------- 
        952p       1,890 
       ---------  ---------- 
---  ------------------------------------------------- 
 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 FORM

FOR 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): Price(s)   Volume(s) 
       ---------  ---------- 
        952p       1,890 
       ---------  ---------- 
---  ------------------------------------------------- 
 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 
---  ------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2017 09:02 ET (13:02 GMT)

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