Director/PDMR Grant of Options

RNS Number : 6158M

Frontier Developments PLC

17 October 2016

 

17 October 2016

Frontier Developments plc

(the "Company")

Director / PDMR Grant of Options

Grant of Options

On 14 October 2016, the Company awarded to the Directors and Non-Executive Directors of the Company 85,000 share options (the "Options") and PDMR's 5,000 Share Options (the "Options"), exercisable into new ordinary shares of 0.5 pence in the Company ("Ordinary Shares") at an exercise price of 174 pence per share. The Options are subject to certain performance conditions, and will vest over a period of three years.

Out of the total award of 90,000 options, 25,000 have been awarded to Charles Cotton, 60,000 to Jonathan Watts and 5,000 to Amanda Alsop (a PDMR of Frontier). Following this grant, the following Options over Ordinary Shares have been granted to the non-executive directors of the Company and are outstanding:

Name of Director	Position	Scheme	Number of Options granted	Total number of Options
Jonathan Watts	Chief Creative officer	Company Share Option Plans	60,000	300,000
Charles Cotton	Non-Executive Director		25,000	25,000
Amanda Alsop	Group Accountant (PDMR)	Company Share Option Plans	5,000	18,000

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Neil Armstrong, CFO
Numis - Nomad and Joint Broker	[phone]
Simon Willis/Jamie Lillywhite/Toby Adcock
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer 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 across videogame consoles, computers, smartphones and tablets.

www.frontier.co.uk                    

Frontier Developments plc

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 Chairman
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: n/a
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 0.05p each. Identification code: GB00BBT32N39
b)	Nature of the transaction: Grant of Options
c)	Price(s) and volume(s): Price(s) Volume(s) 174p  25,000
d)	Aggregated information: ·      Aggregated volume: 25,000 ·      Price: 174p
e)	Date of the transaction:  2016-10-14
f)	Place of the transaction: n/a

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: n/a
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 0.05p each. Identification code: GB00BBT32N39
b)	Nature of the transaction: Grant of Options
c)	Price(s) and volume(s): Price(s) Volume(s) 174p  60,000
d)	Aggregated information: ·      Aggregated volume: 60,000 ·      Price: 174p
e)	Date of the transaction:  2016-10-14
f)	Place of the transaction: n/a

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Amanda Alsop
2.	Reason for the notification
a)	Position/status: Group Accountant
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: n/a
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 0.05p each. Identification code: GB00BBT32N39
b)	Nature of the transaction: Grant of Options
c)	Price(s) and volume(s): Price(s) Volume(s) 174p  5,000
d)	Aggregated information: ·      Aggregated volume: 5,000 ·      Price: 174p
e)	Date of the transaction:  2016-10-14
f)	Place of the transaction: n/a

 

END

 

 

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