EBT Dealings

RNS Number : 0079A

Frontier Developments PLC

23 September 2015

 

23 September 2015

Frontier Developments plc

(the "Company")

EBT Dealings

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

Employee Benefit Trust Dealings

The Company was notified today by Appleby Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that the EBT transferred 64,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to certain of the Company's employees on 23 September  2015 in order to satisfy the exercise of share options. These options had an average exercise price of 70 pence per Ordinary Share.

The EBT also purchased 25,000 Ordinary Shares at 202.5 pence per Ordinary Share on 23 September 2015.

Following these transactions, the EBT is interested in 62,855 Ordinary Shares, representing 0.00 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 Neil Armstrong, CFO
Numis - Nomad and Joint Broker	[phone]
Simon Willis / Jamie Lillywhite (Nomad) Rupert Krefting
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

 

END

 

 

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