EBT and Director Dealings

RNS Number : 4817R

Frontier Developments PLC

09 December 2016

 

9 December 2016

Frontier Developments plc

(the "Company")

EBT and Director Dealings

Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following dealing:

Employee Benefit Trust Dealings

The Company was notified today by Estera Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 100,500 shares to meet employee share option awards at an average exercise price of 0.891 pence per Ordinary Share

Following this exercise of options, 25,552 were repurchased by the EBT at 205.0 pence per share to meet the exercise price and individuals' associated tax liabilities. The balances of 74,948 shares are to be transferred to employees.

Following this transaction, the EBT is interested in 143,452 Ordinary Shares, representing 0.4 per cent of the Company's total issued share capital.

The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, who have been granted share options. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

Director Dealings

Jonathan Watts, Chief Creative Officer exercised share options of 22,000 at an exercise price of 0.89 pence per Ordinary Share.

Following the exercise of these options Mr. Watts sold 9,552 Ordinary Shares at a price of 205.0 pence per Ordinary Share to meet the exercise price and associated tax liabilities.

Following the options exercise and related sale the interests of Mr. Watts are as follows:

Director	Number of Ordinary Shares prior to transaction	Number of Ordinary Shares post transaction	Total interest in Ordinary Shares as % of issued share capital
Jonathan Watts	55,390	67,838	0.2%

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO
Numis - Nomad and Joint Broker	[phone]
Simon Willis / Toby Adcock / Jamie Lillywhite (Nomad)
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: 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: n/a
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 0.05p each. Identification code: GB00BBT32N39
b)	Nature of the transaction: Acquisition of shares linked to an exercise under a share option programme
c)	Price(s) and volume(s): Price(s) Volume(s) 0.89p 12,448
d)	Aggregated information: ·      Aggregated volume: 12,448 ·      Price: 0.89p
e)	Date of the transaction:  2016-12-09
f)	Place of the transaction: Outside a trading venue

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: 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: n/a
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 0.05p each. Identification code: GB00BBT32N39
b)	Nature of the transaction: Sale of shares
c)	Price(s) and volume(s): Price(s) Volume(s) 205 p 9,552
d)	Aggregated information: ·      Aggregated volume: 9,552 ·      Price: 205p
e)	Date of the transaction:  2016-12-09
f)	Place of the transaction: Outside a trading venue

 

END

 

 

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