Frontier Developments PLC Option grants /PDMR Shareholding (7007T)
27 March 2021 - 3:11AM
UK Regulatory
TIDMFDEV
RNS Number : 7007T
Frontier Developments PLC
26 March 2021
Frontier Developments plc
Director/PDMR Shareholding
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company")
announces that on 25 March 2021, in aggregate options over 33,924
Ordinary Shares of 0.5p each in the Company ("Ordinary Shares")
have been awarded under the existing all-staff Sharesave equity
plan (the "Plan"), which Directors are also entitled to participate
in. 1,824 options with an exercise price of 1,972 pence per
Ordinary Share were granted to two of the Executive Directors (the
"Options"). The Options are due to vest on 1 May 2024, after which
they must be exercised within six 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 Options Total number of
Director granted on 25 share options
March 2021 held under all
schemes
Jonathan
Watts Chief Creative Officer 912 146,234
------------------------- ------------------ ----------------
Chief Financial Officer
Alex Bevis and Company Secretary 912 168,888
------------------------- ------------------ ----------------
Enquiries :
Frontier Developments +44 (0)1223 394 300
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 / William Booth / Tom Blundell / David Allchurch
About Frontier Developments plc
Frontier is a leading independent developer and publisher of
videogames 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 genre-leading
games, primarily for personal computers and videogame consoles. As
well as self-publishing internally developed games, Frontier also
publishes games developed by carefully selected partner studios
under its Frontier Foundry games label.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
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: Jonathan Watts
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2. Reason for the notification
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a) Position/status: Chief Creative Officer
---------------------------------------------------------------------
b) Initial notification/Amendment: Initial Notification
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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 transactions: Grant of 912 options
over ordinary shares of 0.5 pence each with an exercise
price of 1,972 pence per share. The Options are due
to vest on 1 May 2024, after which they must be exercised
within 6 months.
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1,972p 912
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 25 March 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside trading venue
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander Bevis
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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 transactions: Grant of 912 options
over ordinary shares of 0.5 pence each with an exercise
price of 1,972 pence per share. The Options are due
to vest on 1 May 2024, after which they must be exercised
within 6 months.
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1,972p 912
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 25 March 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside trading venue
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END
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