EBT Share Purchase

Frontier Developments PLC

15 May 2023

 

15 May 2023

Frontier Developments plc

 EBT Share Purchase

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") was notified on 12 May 2023, by Ocorian Limited, the trustee of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 68,623 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 533 pence per Ordinary Share on 12 May 2023. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded from the Company's existing cash resources.

Following this transaction, a total of 473,714 Ordinary Shares are held by the EBT, representing approximately 1.20 per cent of the Company's total voting rights.

Enquiries:

Frontier Developments  [phone]

Jonny Watts, CEO

Alex Bevis, CFO 

Liberum - Nomad and Joint Broker  [phone]

Andrew Godber / Nikhil Varghese

Jefferies - Joint Broker  [phone]

Philip Noblet / William Brown

Tulchan Communications  [phone]

Matt Low / Mark Burgess / Alex Dart

 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

 

END