Grant of Options

RNS Number : 7241R

Frontier Developments PLC

15 September 2014

 



15 September 2014

Frontier Developments plc

(the "Company")

Grant of Options

On 15 September 2014, the Company awarded to certain directors and senior management of the Company 550,000 share options (the "Options"), exercisable into new ordinary shares of 0.5 pence in the Company ("Ordinary Shares") at an exercise price of 257.50 pence per share.  The Options are subject to certain performance conditions, and will vest over a period of one to three years.

Out of the total award of 550,000 options, 300,000 have been awarded to David Braben, 100,000 have been awarded to David Walsh, 100,000 have been awarded to Jonny Watts, and 50,000 to Neil Armstrong. Following this grant, the following Options over Ordinary Shares have been granted to the directors and officers of the Company and are outstanding:

Name of Director	Position	Scheme	Number of Options granted	Total number of Options
David Braben	Chief Executive Officer	Company Share Option Plan & Unapproved Plan	300,000	300,000
David Walsh	Chief Operating Officer	Company Share Option Plans & Unapproved Plan	100,000	300,000
Jonny Watts	Chief Creative Officer	Company Share Option Plans & Unapproved Plan	100,000	300,000
Neil Armstrong	Chief Finance Officer	Company Share Option Plans & Unapproved Plan	50,000	150,000

Enquiries:

Frontier Developments	[phone]
David Braben, CEO
David Walsh, COO Neil Armstrong, CFO
Canaccord Genuity	[phone]
Simon Bridges/Cameron Duncan
Finncap	[phone]
Malar Velaigam

 

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