Completion of Placing and Director's Dealing

RNS Number : 9641E

Frontier Developments PLC

16 April 2014

 

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

16 April 2014

Frontier Developments plc

Completion of Secondary Placing and Director's Dealing

Further to the announcement earlier today, Frontier Developments plc (AIM: FDEV, "Frontier," the "Group"), a leading developer of video games with studios in Cambridge, UK and Halifax, Canada, announces that Mr. David Braben, CEO of Frontier, has sold 1,600,000 Ordinary Shares, representing 5.1 per cent of the issued share capital of the Company at a price of 250 pence per Ordinary Share to certain institutional and other investors.

Following the Placing, David Braben is interested in 15,894,380 Ordinary Shares representing 50.7% of the issued share capital of the Company.

Enquiries:

Frontier Development	[phone]
David Braben, CEO
David Walsh, COO Neil Armstrong, CFO
Canaccord Genuity	[phone]
Corporate Broking: Simon Bridges/Cameron Duncan
ECM: Tim Redfern
Instinctif Partners	[phone]
Kay Larsen/Adrian Duffield

Canaccord Genuity Limited ("Canaccord") is acting on the Placing and will not be responsible to anyone other than its clients for providing the protections afforded to its clients, nor for providing advice in relation to the Placing, the contents of this announcement, or any transaction or arrangement referred to herein.

This announcement is for information purposes only and does not constitute or form part of an offer or invitation to acquire or dispose of any securities of Frontier, or constitute a solicitation of any offer to purchase or subscribe for securities in any jurisdiction, including the United States, Canada, Australia or Japan. Frontier's shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or under the securities legislation of any state of the United States and may not be offered or sold in the United States absent registration or an exemption from registration.

Frontier's shares may not, directly or indirectly, be offered or sold within the United States, Canada, Australia or Japan or offered or sold to a resident of Canada, Australia or Japan. No public offering of securities is being made in the United States.

This announcement is not for publication or distribution to persons in the United States of America, its territories or possessions or to any US person (within the meaning of Regulation S under the US Securities Act of 1933, as amended). Neither this announcement nor any copy of it may be taken or transmitted into Australia, Canada or Japan or to Canadian persons or to any securities analyst or other person in any of those jurisdictions. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian or Japanese securities law. The distribution of this announcement in certain other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

This announcement and any offer of securities to which it relates are only addressed to and directed at persons who are (1) qualified investors within the meaning of directive 2003/71/EC and any relevant implementing measures (the prospectus directive) and (2) who have professional experience in matters relating to investments who fall within article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or are persons falling within article 49(2)(a) to (d) ("High Net Worth Companies, Unincorporated Associations, etc") of the Order (all such persons together being referred to as "relevant persons"). The information regarding the Placing set out in this announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

 

END

 

 

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