Frontier Developments PLC EBT Share Purchase (5823I)
19 April 2022 - 7:08PM
UK Regulatory
TIDMFDEV
RNS Number : 5823I
Frontier Developments PLC
19 April 2022
Frontier Developments plc
(the "Company")
EBT Share Purchase
The Company was notified on 14(th) April 2022, by Ocorian
Limited, the trustee of the Frontier Developments plc Employee
Benefit Trust (the "EBT"), that the EBT had purchased 151,513
ordinary shares of 0.5p each in the Company ("Ordinary Shares") at
an average price of 1,372 pence per Ordinary Share on 14(th) April
2022. These Ordinary Shares are to be held in the EBT and are
intended to be used to satisfy the exercise of share options by
employees. The EBT is a discretionary trust for the benefit of the
Company's employees, including the Directors of the Company. The
purchase of Ordinary Shares by the EBT has been funded from the
Company's existing cash resources.
Following this transaction, a total of 472,944 Ordinary Shares
are held by the EBT, representing approximately 1.20 per cent of
the Company's total voting rights.
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 / Jordan McCulla / Olivia Lucas
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
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END
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