EBT Dealings

RNS Number : 7608W

Frontier Developments PLC

13 February 2017

 

13 February 2017

Frontier Developments plc

(the "Company")

EBT 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 61,500 shares to meet employee share option awards at an average exercise price of 0.9017 pence per Ordinary Share

Following this exercise of options, 26,443 were repurchased by the EBT at 278.0 pence per share to meet the exercise price and individuals' associated tax liabilities. The balances of 35,057 shares are to be transferred to employees.

Following this transaction, the EBT is interested in 108,395 Ordinary Shares, representing 0.3 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
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 creator of self-published videogame franchises 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, currently focusing on videogame consoles and personal computers.

www.frontier.co.uk                     

 

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