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Frontier Dev PLC (FDEV)

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Thursday 22 October, 2020

Frontier Dev PLC

Director/PDMR Shareholding

RNS Number : 9647C
Frontier Developments PLC
22 October 2020
 

Frontier Developments plc

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that Charles Cotton, a Non-Executive Director and PDMR of the Company,  exercised options over a total of 50,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans on 21 and 22 October 2020. Following these exercises, Charles Cotton subsequently sold a total of 50,000 Ordinary Shares on 21 and 22 October 2020.

The Company was also notified that David Walsh, a Non-Executive Director and PDMR of the Company, sold 3,500 Ordinary Shares on 21 October 2020. 

The Options exercised and Ordinary Shares sold by the Directors are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option following these transactions.

Name of Director

Role

Number of Options exercised

Weighted Average Exercise price of Options exercised

Total Number of Options held following the exercise

Charles Cotton

Non-Executive Director

50,000

226p

Nil

 





Resultant Holding

Name of Director

Role

Ordinary shares sold

Weighted Average Price of Ordinary shares sold

Number of Ordinary Shares held following the sale

Percentage of issued share capital

Charles Cotton

Non-Executive Director

50,000

2,625p

154,659 (1)

0.39% (1)

David Walsh

Non-Executive Director

3,500

2,591p

Nil

Nil

 

(1) Including Charles Cotton's direct family holdings

 

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following the exercise of Options, its issued share capital consists of 39,249,088 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,249,088.

 

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

 

Enquiries :

 

Frontier Developments   +44 (0)1223 394 300

David Braben, CEO

Alex Bevis, CFO 

 

Liberum - Nomad and Joint Broker   +44 (0)20 3100 2000

Neil Patel / Cameron Duncan  

 

Jefferies - Joint Broker   +44 (0)20 7029 8000

Max Jones / William Brown

 

Tulchan Communications   +44 (0)20 7353 4200

Matt Low / 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: Charles Cotton

2.    

Reason for the notification

a)

Position/status: Non-Executive Director

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:

a)  Exercise of Options

b)  Disposal of Ordinary Shares

c)  Exercise of Options

d)  Disposal of Ordinary Shares

c)

 

 

Price(s) and volume(s):

a) 

Exercise Price(s)

Volume(s)

174p

25,000

b) 

Sale Price(s)

Volume(s)

2,630p

25,000

c)

Exercise Price(s)

Volume(s)

278p

25,000

d)

Sale Price(s)

Volume(s)

2,620p

25,000

 

 

d)

Aggregated information:

 

Exercise of Options (a and c)

Exercise Price(s)

Volume(s)

226p

50,000

 

Sale of Ordinary Shares (b and d)

Sale Price(s)

Volume(s)

2,625p

50,000

e)

Date of the transaction(s): 

a)  21 October 2020

b)  21 October 2020

c)  22 October 2020

d)  22 October 2020

f)

Place of the transaction:

a)  Outside a trading venue

b)  London Stock Exchange

c)  Outside a trading venue

d)  London Stock Exchange

 

1.    

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: David Walsh

2.    

Reason for the notification

a)

Position/status: Non-Executive Director

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:

Disposal of Ordinary Shares

 

c)

 

 

Price(s) and volume(s):

Sale Price(s)

Volume(s)

2,591p

3,500

d)

Aggregated information:

n/a - Single transaction

 

e)

Date of the transaction(s):  21 October 2020

f)

Place of the transaction:

a)  London Stock Exchange

 

 

 

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