Employee Benefit Trust Purchase

RNS Number : 9371Z

Frontier Developments PLC

16 December 2014

 

16 December 2014                                       

 

Frontier Developments plc

(the “Company”)

 

Employee Benefit Trust Purchase

 

The Company was notified today by Appleby Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the “EBT”), that the EBT purchased 101,532 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at 245.735 pence per Ordinary Share. Following this transaction, the EBT is interested in 101,029 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:

Frontier Development	[phone]
David Braben, CEO
David Walsh, COO Neil Armstrong, CFO
Canaccord Genuity	[phone]
Simon Bridges/Cameron Duncan
FinnCap Ltd	[phone]
Charlotte Stranner

 

END

 

 

MSCGMMMZKVRGDZM