Director/PDMR Shareholding and Total Voting Rights

RNS Number : 8552L

Frontier Developments PLC

15 September 2021

 

Frontier Developments plc

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

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 13 September 2021, Alex Bevis, CFO and Company Secretary, exercised options over 19,930 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's Long Term Incentive Plan ("LTIP")  at an exercise price equal to the nominal value per Ordinary Share. Subsequently on 13 September 2021, Mr Bevis sold 19,930 Ordinary Shares at a price of 2,755 pence per Ordinary Share. Therefore, Mr Bevis' shareholding of 17,000 Ordinary Shares, representing 0.04% of the Company's issued share capital, remains unchanged following these transactions.

The Company has also been notified that on 14 September 2021, Rockspring, a UK company, sold 10,000 Ordinary Shares at a price of 2,700.275 pence per Ordinary Share. David Gammon, Frontier's Non-Executive Chairman, is a Director of Rockspring and, together with his family, was beneficially interested in these Ordinary Shares. Following this transaction, David Gammon remains beneficially interested in a total of 280,000 Ordinary Shares, representing 0.71% of the Company's issued share capital.

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 39,372,156 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,372,156.

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 / Jordan McCulla / Olivia Lucas

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: Alex Bevis
2.	Reason for the notification
a)	Position/status: CFO & Company Secretary
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)  Price(s) Volume(s) 0.5p 19,930 b)  Price(s) Volume(s) 2,755p 19,930
d)	Aggregated information: a)  n/a - Single transaction b)  n/a - Single transaction
e)	Date of the transaction(s):  a)  13 September 2021 b)  13 September 2021
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: David Gammon
2.	Reason for the notification
a)	Position/status: Non-Executive Chairman
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): Price(s) Volume(s) 2,700.275p 10,000
d)	Aggregated information: n/a - Single transaction
e)	Date of the transaction(s):  14 September 2021
f)	Place of the transaction: London Stock Exchange

 

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