EBT Dealings

RNS Number : 7914H

Frontier Developments PLC

02 December 2015

 

2 December 2015

Frontier Developments plc

(the "Company")

Employee Benefit Trust 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 Appleby Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 161,900 shares to meet employee share option awards at an average exercise price of 0.6938 pence per Ordinary Share.

Following the exercise of options, 54,783 were repurchased by the EBT at 245.5 pence per share to meet the exercise price and individuals' associated tax liabilities. The balance of 107,117 shares are to be transferred to employees. 

Following this transaction, the EBT is interested in 184,840 Ordinary Shares, representing 0.5 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.

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Neil Armstrong, CFO
Numis - Nomad and Joint Broker	[phone]
Simon Willis / Jamie Lillywhite (Nomad) /Rupert Krefting
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                        

 

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