Director/PDMR Shareholding

RNS Number : 3290Z

Frontier Developments PLC

17 September 2020

 

Frontier Developments plc

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 16 September 2020 in aggregate options over 21,189 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were exercised under the Company's share option plans. Of the Ordinary Shares exercised, David Walsh, a Director of the Company, exercised 7,389 share options (the "Options") and subsequently sold 7,389 Ordinary Shares. The Company was also notified that Ann Cotton, a person closely associated ("PCA") with Charles Cotton, a Director of the Company, sold 1,927 Ordinary Shares on 16 September 2020. 

The Options exercised and Ordinary Shares sold by the Director and PCA  are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option.

Name of Director	Role	Number of Options exercised	Exercise price of Options exercised	Total Number of Options held following the exercise
David Walsh	Non-Executive Director	7,389	406p	23,648

				Resultant Holding
Name of Director / PCA	Role	Ordinary shares sold	Price of Ordinary shares sold	Number of Ordinary Shares held following the sale	Percentage of issued share capital
David Walsh	Non-Executive Director	7,389	2,601p	3,500	0.01%
Ann Cotton	PCA of Non-Executive Director	1,927	2,598p	154,659 (1)	0.39% (1)

⁽¹⁾ Including Charles Cotton's direct family holdings

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following the exercise of Options, its issued share capital consists of 39,199,088 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,199,088.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries :

Frontier Developments   [phone]

David Braben, CEO

Alex Bevis, CFO 

Liberum - Nomad and Joint Broker   [phone]

Neil Patel / Cameron Duncan  

Jefferies - Joint Broker   [phone]

Max Jones / William Brown

Tulchan Communications   [phone]

Matt Low / Deborah Roney / 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 Walsh
2.	Reason for the notification
a)	Position/status: Non-Executive Director
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: a)  Exercise of Options b)  Disposal of Ordinary Shares
c)	Price(s) and volume(s): a)  Exercise Price(s) Volume(s) 406p 7,389 b)  Sale Price(s) Volume(s) 2,601p 7,389
d)	Aggregated information: a)  n/a - Single transaction b)  n/a - Single transaction
e)	Date of the transaction(s):  16 September 2020
f)	Place of the transaction: a)  Outside a trading venue b)  London Stock Exchange

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Ann Cotton, PCA of Charles Cotton
2.	Reason for the notification
a)	Position/status: PCA of a Non-Executive Director
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: Disposal of Ordinary Shares
c)	Price(s) and volume(s): Sale Price(s) Volume(s) 2,598p 1,927
d)	Aggregated information: n/a - Single transaction
e)	Date of the transaction(s):  16 September 2020
f)	Place of the transaction: a)  London Stock Exchange

 

END

 

 

DSHKKOBDDBKDACD