Director Dealings

RNS Number : 0782S

Frontier Developments PLC

28 September 2017

 

28 September 2017

Frontier Developments plc

(the "Company")

Director and PCA Dealings

Further to the Company's announcements on 20 and 21 September 2017, the Company was notified on 27 September 2017 that Professional Practice Automation LLP ("PPA"), a limited liability partnership in which David Braben, Chief Executive Officer, was a member and through which he was interested in 2,001,573 ordinary shares of 0.5p each in the Company ("Ordinary Shares"), transferred 1,990,573 Ordinary Shares to Mr. Braben's spouse, Mrs. Irvin-Braben, on 27 September 2017 for nil consideration (the "Transfer"). In connection with the Transfer, Mr. Braben resigned as a member of PPA and is no longer interested in the remaining 11,000 Ordinary Shares held by PPA.

Therefore, following the Transfer and Mr Braben's resignation as a member of PPA, Mr. Braben, together with his spouse, remains interested in a total of 14,149,953 Ordinary Shares, representing 37.0% of the Company's issued share capital.

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Alex Bevis, CFO
Liberum - Nomad and Joint Broker	[phone]
Neil Patel / Cameron Duncan
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

 About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer 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 across videogame consoles, computers, smartphones and tablets.

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 ("PCA")
a)	Name: Professional Practice Automation LLP
2.	Reason for the notification
a)	Position/status: PCA of David Braben, Director (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: Transfer for nil consideration to David Braben's spouse, Wendy Irvin-Braben
c)	Price(s) and volume(s): Price(s) Volume(s) Nil 1,990,573
d)	Aggregated information: Not applicable - single transaction
e)	Date of the transactions:  27-Sep-17
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 ("PCA")
a)	Name: Wendy Irvin-Braben
6.	Reason for the notification
a)	Position/status: PCA of David Braben, Director (Chief Executive 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: Receipt of transfer for nil consideration
c)	Price(s) and volume(s): Price(s) Volume(s) Nil 1,990,573
d)	Aggregated information: Not applicable - single transaction
e)	Date of the transactions:  27-Sep-17
f)	Place of the transaction: Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

9.	Details of the person discharging managerial responsibilities/person closely associated ("PCA")
a)	Name: David Braben
10.	Reason for the notification
a)	Position/status: Director, Chief Executive Officer
b)	Initial notification/Amendment: Initial Notification
11.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name: Frontier Developments plc
b)	LEI: 213800B9LGPWUAZ9GX18
12.	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: Resignation as member of PPA (no longer interested in 11,000 Ordinary Shares as a result)
c)	Price(s) and volume(s): Price(s) Volume(s) Nil 11,000
d)	Aggregated information: Not applicable - single transaction
e)	Date of the transactions:  27-Sep-17
f)	Place of the transaction: Outside a trading venue

 

END

 

 

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