EBT Dealings

RNS Number : 0195J

Frontier Developments PLC

23 June 2017

 

23 June 2017

Frontier Developments plc

(the "Company")

EBT Dealings

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

Employee Benefit Trust Dealings

Yesterday the Company was notified by Estera Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 10,600 ordinary shares of 0.5 pence in the Company ("Shares") to meet employee share option awards at an average exercise price of 224.5 pence per Share.

Following this exercise of options, 10,600 Shares were repurchased by the EBT at 417.5 pence per Share.

Following this transaction, the EBT is interested in 104,645 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 Alex Bevis, CFO
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

 

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