Director, PDMR & PCA Dealings

RNS Number : 4524D

Frontier Developments PLC

26 April 2017

 

26 April 2017

Frontier Developments plc

(the "Company")

Director, PDMR & PCA Dealings

The Company was notified on 25 April 2017 that David Walsh, an executive director of the Company, sold 200,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") on 24 April 2017 at a price of 326 pence per Ordinary Share.

The Company was also notified on 25 April 2017 that on 24 April 2017 Gillian Walsh, David's wife (and therefore a PCA), sold 400,000 Ordinary Shares at 326 pence per share.

David Walsh and his wife Gillian Walsh are transferring and liquidating assets subject to court order as part of their divorce, and have each notified the Company that for this reason further sales of their holdings in the Company are expected in the coming months.

The Company was also notified on 26 April 2017 that John Laws, a PDMR of the Company sold 3,100 Ordinary Shares at a price of 328 pence per Ordinary Share.

On the 25 April 2017 Jonathan Watts, an executive director of the Company, exercised share options of 118,000 at an exercise price of 89 pence per Ordinary Share.  Following the exercise of these options Mr. Watts sold 118,000 Ordinary Shares at a price of 326 pence per Ordinary Share.  As a result, Mr. Watts share holding in the Company is unchanged.

Following the sales and option exercises the interests of Mr. Walsh and Mr. Watts are as follows:

Director	Number of Ordinary Shares prior to transactions	Number of Ordinary Shares post transactions	Total interest in Ordinary Shares as % of issued share capital
David Walsh	755,820	555,820	1.6%
Jonathan Watts	67,838	67,838	0.2%

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Alex Bevis, CFO & Company Secretary
Numis - Nomad and Joint Broker	[phone]
Simon Willis / Jamie Lillywhite(Nomad) / Toby Adcock
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                      

Frontier Developments plc

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 Walsh
2.	Reason for the notification
a)	Position/status: Chief Operating 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: Sale
c)	Price(s) and volume(s): Price(s) Volume(s) 326p 200,000
d)	Aggregated information: ·      Aggregated volume: 200,000 ·      Price: 326p
e)	Date of the transaction:  2017-04-24
f)	Place of the transaction: XLON

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: GIllian Walsh
2.	Reason for the notification
a)	Position/status: PCA of Chief Operating 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: Sale
c)	Price(s) and volume(s): Price(s) Volume(s) 326p 400,000
d)	Aggregated information: ·      Aggregated volume: 400,000 ·      Price: 326p
e)	Date of the transaction:  2017-04-24
f)	Place of the transaction: XLON

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: John Laws
2.	Reason for the notification
a)	Position/status: Director of Art
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: Sale
c)	Price(s) and volume(s): Price(s) Volume(s) 328p 3,100
d)	Aggregated information: ·      Aggregated volume: 3,100 ·      Price: 328p
e)	Date of the transaction:  2017-04-26
f)	Place of the transaction: XLON

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: Exercise of Options
c)	Price(s) and volume(s): Price(s) Volume(s) 89p 118,000
d)	Aggregated information: ·      Aggregated volume: 118,000 ·      Price: 89p
e)	Date of the transaction:  2017-04-25
f)	Place of the transaction: n/a

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: Sale of Shares - following exercise of options
c)	Price(s) and volume(s): Price(s) Volume(s) 326p 118,000
d)	Aggregated information: ·      Aggregated volume: 118,000 ·      Price: 326p
e)	Date of the transaction:  2017-04-25
f)	Place of the transaction: XLON

 

END

 

 

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