Option grants /PDMR Shareholding

RNS Number : 7007T

Frontier Developments PLC

26 March 2021

 

Frontier Developments plc

Director/PDMR Shareholding

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 25 March 2021, in aggregate options over 33,924 Ordinary Shares of 0.5p each in the Company ("Ordinary Shares") have been awarded under the existing all-staff Sharesave equity plan (the "Plan"), which Directors are also entitled to participate in. 1,824 options with an exercise price of 1,972 pence per Ordinary Share were granted to two of the Executive Directors (the "Options"). The Options are due to vest on 1 May 2024, after which they must be exercised within six months.

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

Name of Director	Position	Number of Options granted on 25 March 2021	Total number of share options held under all schemes
Jonathan Watts	Chief Creative Officer	912	146,234
Alex Bevis	Chief Financial Officer and Company Secretary	912	168,888

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 / William Booth / Tom Blundell / 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: 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 transactions: Grant of 912 options over ordinary shares of 0.5 pence each with an exercise price of 1,972 pence per share. The Options are due to vest on 1 May 2024, after which they must be exercised within 6 months.
c)	Price(s) and volume(s): Price(s) Volume(s) 1,972p 912
d)	Aggregated information: N/A - Single transaction
e)	Date of the transaction: 25 March 2021
f)	Place of the transaction:   Outside trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Alexander 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 transactions: Grant of 912 options over ordinary shares of 0.5 pence each with an exercise price of 1,972 pence per share. The Options are due to vest on 1 May 2024, after which they must be exercised within 6 months.
c)	Price(s) and volume(s): Price(s) Volume(s) 1,972p 912
d)	Aggregated information: N/A - Single transaction
e)	Date of the transaction: 25 March 2021
f)	Place of the transaction:   Outside trading venue

 

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