TIDMFDEV
RNS Number : 5533P
Frontier Developments PLC
19 October 2021
19 October 2021
Frontier Developments plc
Option grants/ PDMR Dealings
On 15 October 2021, Frontier Developments plc (AIM: FDEV,
'Frontier' or the 'Company'), a leading developer and publisher of
videogames based in Cambridge, UK , granted a total of 34,292
options over Ordinary Shares of 0.5p each in the Company ("Ordinary
Shares") under the existing Long Term Incentive Plan ("LTIP") and
the Company Share Option Plan ("CSOP) to the Executive Directors
(the "Options"). The exercise price of the Options under the LTIP
is the nominal value of the Ordinary Shares, being 0.5p each. The
exercise price of the Options under the CSOP is the market value of
the Ordinary Shares at grant date, being 2,540p.
The Options under the LTIP are due to vest in three years
subject to achieving certain Total Shareholder Return performance
targets over the three year vesting period. The calculation method
and performance conditions of these awards are consistent with the
awards issued to each Executive Director in 2017, 2018, 2019 and
2020.
The Options awarded to the Executive Directors are set out in
the table below, together with the total number of Ordinary Shares
held under option by each of the Executive Directors under all
share option schemes.
Name of Position Number of Number of Total number
Director LTIP options CSOP options of share options
granted granted on held under
on 15 October 15 October all schemes
2021 2021 following
the grants
on 15 October
2021
Chief Executive
David Braben Officer 10,910 - 386,275
---------------------- --------------- -------------- ------------------
Jonathan Chief Creative
Watts Officer 10,510 1,181 157,925
---------------------- --------------- -------------- ------------------
Chief Financial
Officer and Company
Alex Bevis Secretary 10,510 1,181 160,649
---------------------- --------------- -------------- ------------------
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 / 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: David Braben
---------------------------------------------------------------------
2. Reason for the notification
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a) Position/status: Chief Executive Officer
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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
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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 10,910 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 10,910
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
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e) Date of the transaction: 15 October 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jonathan Watts
---------------------------------------------------------------------
2. Reason for the notification
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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 10,510 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 10,510
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 15 October 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
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 1,181 options over
ordinary shares of 0.5 pence each with an exercise
price of 2,540 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)
2,540p 1,181
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 15 October 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander 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 10,510 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 10,510
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 15 October 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander 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 1,181 options over
ordinary shares of 0.5 pence each with an exercise
price of 2,540 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)
2,540p 1,181
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 15 October 2021
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
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END
DSHFLFVLILLALIL
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