Director/PDMR Shareholding

RNS Number : 0313R

Frontier Developments PLC

03 March 2021

 

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 38,742 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans. Of the options exercised by employees, three Directors of the Company have, in aggregate, exercised 37,559 share options   (the "Options") and subsequently sold 37,559 Ordinary Shares on 1 March 2021.

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 exercise price of Options exercised	Total Number of options held following the exercise
Alex Bevis	CFO & Company Secretary	9,279	517p	167,976
Jonathan Watts	Chief Creative Officer	23,648	203p	145,322
David Walsh	Non-Executive Director	4,632	1,036p	19,016

			Resultant Holding
Name of Director	Total number of Ordinary Shares sold	Weighted price of Ordinary Shares sold	Number of Ordinary Shares held following the sales	Percentage of issued share capital
Alex Bevis	9,279	2,424p	17,000	0.04%
Jonathan Watts	23,648	2,419p	20,000	0.05%
David Walsh	4,632	2,432p	nil	nil

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 39,332,440 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,332,440.

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: Alex Bevis
2.	Reason for the notification
a)	Position/status: CFO and 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) 406p 7,389 952p 1,890 b)  Sale Price(s) Volume(s) 2,455p 1,890 2,416p 7,389
d)	Aggregated information: a)  Weighted Exercise Price Volume 517p 9,279 b)  Weighted Sale Price Volume 2,424p 9,279
e)	Date of the transaction(s):  1 March 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: 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) 1,094p 2,742 0.5p 19,016 952p 1,890 b)  Sale Price(s) Volume(s) 2,455p 1,890 2,416p 21,758
d)	Aggregated information: a)  Weighted Exercise Price Volume 203p 23,648 b)  Weighted Sale Price Volume 2,419p 23,648
e)	Date of the transaction(s):  1 March 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 Walsh
2.	Reason for the notification
a)	Position/status: Non-Executive Director
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) 1,094p 2,742 952p 1,890 b)  Sale Price(s) Volume(s) 2,455p 1,890 2,416p 2,742
d)	Aggregated information: a)  Weighted Exercise Price Volume 1,036p 4,632 b)  Weighted Sale Price Volume 2,432p 4,632
e)	Date of the transaction(s):  1 March 2021
f)	Place of the transaction: a)  Outside a trading venue b)  London Stock Exchange

 

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