Frontier Developments PLC EBT Share Purchase (4348Z)
15 May 2023 - 8:35PM
UK Regulatory
TIDMFDEV
RNS Number : 4348Z
Frontier Developments PLC
15 May 2023
15 May 2023
Frontier Developments plc
EBT Share Purchase
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company")
was notified on 12 May 2023, by Ocorian Limited, the trustee of the
Frontier Developments plc Employee Benefit Trust (the "EBT"), that
the EBT had purchased 68,623 ordinary shares of 0.5p each in the
Company ("Ordinary Shares") at an average price of 533 pence per
Ordinary Share on 12 May 2023. 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 473,714 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
Jonny Watts, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Andrew Godber / Nikhil Varghese
Jefferies - Joint Broker +44 (0)20 7029 8000
Philip Noblet / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Mark Burgess / Alex Dart
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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