Director/PDMR Shareholding

RNS Number : 8017Y

Frontier Developments PLC

11 September 2020

 

Frontier Developments plc

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

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that employees of the Company have exercised in aggregate options over 401,339 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans. Of the Ordinary Shares exercised by employees, three Directors of the Company have exercised 279,889 share options (the "Options") and subsequently sold 347,351 Ordinary Shares.

The Options exercised and Ordinary Shares sold by the Directors are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option.

Name of Director	Role	Number of Options exercised	Weighted average exercise price of Options exercised	Total Number of Options held following the exercise
David Gammon(1)	Non-Executive Chairman	12,500	230p	Nil
Alex Bevis	CFO & Company Secretary	200,000	250p	167,593
Jonathan Watts	Chief Creative Officer	67,389	199p	159,308

			Resultant Holding
Name of Director	Ordinary shares sold	Price of Ordinary shares sold	Number of Ordinary Shares held following the sale	Percentage of issued share capital
David Gammon(1)	59,962	2,386p	290,000	0.74%
Alex Bevis	200,000	2,386p	17,000	0.04%
Jonathan Watts	87,389	2,386p	20,000	0.05%

⁽¹⁾ David Gammon, together with his family, holds and held beneficial interest in these Options and Ordinary Shares through Rockspring, a UK company, where David is a Director.

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 39,191,699 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,191,699.

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 / Deborah Roney / David Allchurch

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: 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: a)  Exercise of Options b)  Disposal of Ordinary Shares
c)	Price(s) and volume(s): a)  Exercise Price(s) Volume(s) 230p 12,500 b)  Sale Price(s) Volume(s) 2,386p 12,500 2,386p 47,462
d)	Aggregated information: a)  n/a - Single transaction b)  Average Sale Price Volume 2,386p 59,962
e)	Date of the transaction(s):  11 September 2020
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: 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)  Exercise Price(s) Volume(s) 250p 200,000 b)  Sale Price(s) Volume(s) 2,386p 200,000
d)	Aggregated information: a)  n/a - Single transaction b)  n/a - Single transaction
e)	Date of the transaction(s):  11 September 2020
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: Jonathan Watts
2.	Reason for the notification
a)	Position/status: Chief Creative Officer
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)  Exercise Price(s) Volume(s) 406p 7,389 174p 60,000 b)  Sale Price(s) Volume(s) 2,386p 67,389 2,385p 20,000
d)	Aggregated information: a)  Average Exercise Price Volume 199p 67,389 b) Average Sale Price Volume 2,386p 87,389
e)	Date of the transaction(s):  11 September 2020
f)	Place of the transaction: a)  Outside a trading venue b)  London Stock Exchange

 

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