TIDMFDEV
RNS Number : 4253W
Frontier Developments PLC
14 November 2017
14 November 2017
Frontier Developments plc
Option Grants / PDMR Dealings
On 10 November 2017 Frontier Developments plc (the "Company")
approved a new Long Term Incentive Plan ("LTIP"). The purpose of
the LTIP is to help to recruit, retain and motivate key staff,
including Executive Directors, who will be important in driving the
Company's long term success. For the Executive Directors the
performance conditions are based on total shareholder return over a
3 year period. Further details will be disclosed in the annual
report for the year ending 31 May 2018.
Following approval of the new LTIP, awards under the plan were
made on 10 November 2017. Awards were also made under the existing
Frontier Developments plc Company Share Option Plan ("CSOP").
The exercise price of the options under the LTIP is the nominal
value of the Company's ordinary shares of 0.5 pence each ("Ordinary
Shares"). The exercise price of the options under the CSOP is 1094
pence, which is equal to the closing middle market share price on
Thursday 9 November 2017.
The options awarded to the Executive Directors are set out in
the table below, together with the
number of Ordinary Shares held under option by each of the
Executive Directors.
Name of Position Number of Number of Total Number
Director LTIP options CSOP options of Options
granted granted on held
on 10 November 10 November
2017 2017
------------ ----------------- ---------------- ------------- -------------
David Chief Executive
Braben Officer 19,930 - 329,029
------------ ----------------- ---------------- ------------- -------------
David Chief Operating
Walsh Officer 19,016 2,742 31,037
------------ ----------------- ---------------- ------------- -------------
Jonathan Chief Creative
Watts officer 19,016 2,742 91,037
------------ ----------------- ---------------- ------------- -------------
Chief Financial
Officer
and Company
Alex Bevis Secretary 19,930 - 329,029
------------ ----------------- ---------------- ------------- -------------
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 19,930
options over ordinary shares of 0.5 pence each
with an exercise price of 0.5 pence per share.
The Options are due to vest after 3 years (based
on TSR performance conditions) and must be
exercised within 10 years from the date of
award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
0.5p 19,930
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 19,930
* Price: 0.5p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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 19,930
options over ordinary shares of 0.5 pence each
with an exercise price of 0.5 pence per share.
The Options are due to vest after 3 years (based
on TSR performance conditions) and must be
exercised within 10 years from the date of
award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
0.5p 19,930
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 19,930
* Price: 0.5p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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 19,016
options over ordinary shares of 0.5 pence each
with an exercise price of 0.5 pence per share.
The Options are due to vest after 3 years (based
on TSR performance conditions) and must be
exercised within 10 years from the date of
award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
0.5p 19,016
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 19,016
* Price: 0.5p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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 2,742 options
over ordinary shares of 0.5 pence each with
an exercise price of 1094 pence per share.
The Options are due to vest after 3 years and
must be exercised within 10 years from the
date of award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
1094p 2,742
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 2,742
* Price: 1094p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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 19,016
options over ordinary shares of 0.5 pence each
with an exercise price of 0.5 pence per share.
The Options are due to vest after 3 years (based
on TSR performance conditions) and must be
exercised within 10 years from the date of
award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
0.5p 19,016
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 19,016
* Price: 0.5p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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: Jonathan Watts
--- -----------------------------------------------------
2. Reason for the notification
--- -----------------------------------------------------
a) Position/status: Chief Creative 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 2,742 options
over ordinary shares of 0.5 pence each with
an exercise price of 1094 pence per share.
The Options are due to vest after 3 years and
must be exercised within 10 years from the
date of award.
--- -----------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
1094p 2,742
--------- ----------
--- -----------------------------------------------------
d) Aggregated information:
* Aggregated volume: 2,742
* Price: 1094p
--- -----------------------------------------------------
e) Date of the transaction: 2017-11-10
--- -----------------------------------------------------
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
DSHVZLBFDFFEFBE
(END) Dow Jones Newswires
November 14, 2017 03:59 ET (08:59 GMT)
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From May 2024 to Jun 2024
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From Jun 2023 to Jun 2024