Director/PDMR Shareholding

RNS Number : 6989L

Frontier Developments PLC

01 May 2020

 

Frontier Developments plc

Director/PDMR Shareholding

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 1 May 2020, Rockspring, a UK company, sold a total of 100,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") at an average price of 1,588.75 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 337,462 Ordinary Shares, representing approximately 0.9% of the Company's issued share capital.

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 / Deborah Roney

About Frontier Developments plc

Frontier is a leading developer and publisher of videogame franchises 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 games, currently focusing on videogame consoles and personal computers.

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: 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: Sale of Ordinary Shares
c)	Price(s) and volume(s): Price(s) Volume(s) Date of transaction £15.75 75,000 1 May 2020 £16.30 25,000 1 May 2020
d)	Aggregated information: Aggregated volume: 100,000 Aggregated average price: 1,588.75p
e)	Date of the transaction:  1 May 2020
f)	Place of the transaction: London Stock Exchange

 

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