Executive Director Option Awards

RNS Number : 8236G
Frontier Developments PLC
01 June 2017
 

1 June 2017

Frontier Developments plc

(the "Company")

 

Executive Director Option Awards

 

On 30 May 2017, the Company awarded Alex Bevis, CFO and Company Secretary, a non-qualifying option over 300,000 new ordinary shares of 0.5 pence in the Company ("Shares") at an exercise price of 250 pence per share and on the same terms as the Company's qualifying Company Share Option Plan (approved by the board of directors of the Company on 25 November 2013).  The award was made according to the terms of Mr Bevis's offer of employment, following successful completion of a probation period.

 

On 30 May 2017, the Company also made awards to each of the four Executive Directors (David Braben, David Walsh, Jonathan Watts and Alex Bevis) of an option over 7,389 Shares at an exercise price of 406 pence under the Company Share Option Plan.

 

Following these grants, the number of Shares held under option by each of the Executive Directors is as follows:

 

Name of Director

Position

Number of Options awarded on 30 May 2017

Number of Options outstanding

David Braben

Chief Executive Officer

7,389

307,389

David Walsh

Chief Operating Officer

7,389

307,389

Jonathan Watts

Chief Creative officer

7,389

167,389

Alex Bevis

Chief Financial Officer and Company Secretary

307,389

307,389

 

Enquiries:

 

Frontier Developments

+44 (0)1223 394 300

Alex Bevis, CFO




Numis - Nomad and Joint Broker

+44 (0)20 7260 1000

Simon Willis/Jamie Lillywhite/Toby Adcock




Finncap

+44 (0) 207 220 0500

Matt Goode/Giles Rolls




Tulchan Communications

+44 (0) 207 353 4200

James Macey White/Matt Low



 

About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer 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 across videogame consoles, computers, smartphones and tablets.

www.frontier.co.uk                    

 

Frontier Developments plc

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: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

250p

300,000

d)

Aggregated information:

·   Aggregated volume: 300,000

·   Price: 250p

e)

Date of the transaction:  2017-05-30

f)

Place of the transaction: Outside a trading venue

 

Frontier Developments plc

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: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

406p

7,389

d)

Aggregated information:

·   Aggregated volume: 7,389

·   Price: 406p

e)

Date of the transaction:  2017-05-30

f)

Place of the transaction: Outside a trading venue

 

Frontier Developments plc

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 Braben

2.                    

Reason for the notification

a)

Position/status: Chief Executive 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: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

406p

7,389

d)

Aggregated information:

·   Aggregated volume: 7,389

·   Price: 406p

e)

Date of the transaction:  2017-05-30

f)

Place of the transaction: Outside a trading venue

 

Frontier Developments plc

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 Walsh

2.                    

Reason for the notification

a)

Position/status: Chief Operating 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: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

406p

7,389

d)

Aggregated information:

·   Aggregated volume: 7,389

·   Price: 406p

e)

Date of the transaction:  2017-05-30

f)

Place of the transaction: Outside a trading venue

 

Frontier Developments plc

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

5.                    

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Jonathan Watts

6.                    

Reason for the notification

a)

Position/status: Chief Creative Officer

b)

Initial notification/Amendment: Initial Notification

7.                    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name: Frontier Developments plc

b)

LEI: 213800B9LGPWUAZ9GX18

8.                    

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: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

406p

7,389

d)

Aggregated information:

·   Aggregated volume: 7,389

·   Price: 406p

e)

Date of the transaction:  2017-05-30

f)

Place of the transaction: Outside a trading venue

 


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