Frontier Developments PLC EBT Dealings (7608W)
February 13 2017 - 9:38AM
UK Regulatory
TIDMFDEV
RNS Number : 7608W
Frontier Developments PLC
13 February 2017
13 February 2017
Frontier Developments plc
(the "Company")
EBT Dealings
Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"),
a leading developer of video games, announces the following
dealing:
Employee Benefit Trust Dealings
The Company was notified today by Estera Trust (Jersey) Limited,
the trustee of the Frontier Developments plc Employee Share
Ownership Plan Trust (the "EBT"), that the EBT transferred 61,500
shares to meet employee share option awards at an average exercise
price of 0.9017 pence per Ordinary Share
Following this exercise of options, 26,443 were repurchased by
the EBT at 278.0 pence per share to meet the exercise price and
individuals' associated tax liabilities. The balances of 35,057
shares are to be transferred to employees.
Following this transaction, the EBT is interested in 108,395
Ordinary Shares, representing 0.3 per cent of the Company's total
issued share capital.
The EBT is a discretionary trust for the benefit of employees of
the Company and its subsidiaries, who have been granted share
options. The Executive Directors of the Company are included in the
class of potential beneficiaries of the EBT and are deemed to be
interested in those shares and the dealings thereof.
Enquiries:
+44 (0)1223 394
Frontier Developments 300
David Braben, CEO
David Walsh, COO
Numis - Nomad and Joint +44 (0)20 7260
Broker 1000
Simon Willis / Jamie Lillywhite
(Nomad) / Toby Adcock
+44 (0) 207 220
Finncap 0500
Matt Goode / Giles Rolls
+44 (0) 207 353
Tulchan Communications 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 creator of self-published videogame
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 videogame consoles and
personal computers.
www.frontier.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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