TIDMFDEV
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 Weighted Average Total Number
exercised Exercise price of Options held
of Options following the
exercised exercise
Non-Executive
Charles Cotton Director 50,000 226p Nil
-------------- ------------------ ---------------- -----------------
Resultant Holding
------------------ -------------- ------------- ---------------
Name of Director Role Ordinary Weighted Number of Percentage
shares sold Average Price Ordinary Shares of issued
of Ordinary held following share capital
shares sold the sale
-------------- ------------- --------------- ---------------- --------------
Non-Executive
Charles Cotton Director 50,000 2,625p 154,659 (1) 0.39% (1)
-------------- ------------- --------------- ---------------- --------------
Non-Executive
David Walsh 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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END
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