EBT Share Purchase

RNS Number : 7506A

Frontier Developments PLC

14 September 2018

 

14 September 2018

Frontier Developments plc

(the "Company")

EBT Share Purchase

The Company was notified on 13 September 2018, by the trustee of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 228,827 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of £11.162709 per Ordinary Share on 13 September 2018. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company.

Following this transaction, a total of 570,818 Ordinary Shares are held by the Company's employee benefit trust, representing approximately 1.473 per cent of the Company's total voting rights.

Enquiries:

Frontier Developments	[phone]
David Braben, CEO Alex Bevis, CFO
Liberum - Nomad and Joint Broker	[phone]
Neil Patel /Cameron Duncan/William Hall
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent creator of self-published video game franchises founded in 1994 by David Braben, co-author of the seminal Elite game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on video game consoles and personal computers.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk                 

 

END

 

 

DSHLLFLDATIVLIT