Option Grants / PDMR Dealings

RNS Number : 3869E
Frontier Developments PLC
17 October 2018
 

17 October 2018

Frontier Developments plc

 

Option Grants / PDMR Dealings

 

On 17 October 2018, Frontier Developments plc (the "Company") granted a total of 50,805 options over ordinary shares of 0.5p each in the Company ("Ordinary Shares") under the existing Long Term Incentive Plan ("LTIP") to the Executive Directors (the "Options").

 

The exercise price of the Options under the LTIP is the nominal value of the Ordinary Shares, being 0.5 pence each. 

 

The Options awarded to the Executive Directors are set out in the table below, together with the

total number of Ordinary Shares held under option by each of the Executive Directors.

 

Name of Director

Position

Number of Options granted on 17 October 2018

Total Number of Options held

David Braben

Chief Executive Officer

16,935

346,144

Jonathan Watts

Chief Creative Officer

16,935

107,972

Alex Bevis

Chief Financial Officer and Company Secretary

16,935

346,144

 

 

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                                                               

                                                                                                                        

finnCap - Joint Broker                                                                            +44 (0) 207 220 0500

Matt Goode/Giles Rolls (Corporate Finance)

Alice Lane (ECM)      

                                                                                                                        

Tulchan Communications                                                                      +44 (0) 207 353 4200

Matt Low/James Macey White

 

 

 

About Frontier Developments plc

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent creator of self-published video game franchises 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, currently focusing on video game consoles and personal computers. Frontier's LEI number: 213800B9LGPWUAZ9GX18.

 

 

 

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: Alex Bevis

2.                    

Reason for the notification

a)

Position/status: CFO and Company Secretary

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: Grant of 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.

c)

Price(s) and volume(s):

Price(s)

Volume(s)

0.5p

16,935

 

d)

Aggregated information:

·   Aggregated volume: 16,935

·   Price: 0.5p

e)

Date of the transaction:  17 October 2018

f)

Place of the transaction: Outside a trading venue

 

 

 

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: David Braben

2.                    

Reason for the notification

a)

Position/status: Chief Executive 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: 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: Grant of 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.

c)

Price(s) and volume(s):

Price(s)

Volume(s)

0.5p

16,935

 

d)

Aggregated information:

·   Aggregated volume: 16,935

·   Price: 0.5p

e)

Date of the transaction:  17 October 2018

f)

Place of the transaction: Outside a trading venue

 

 

 

 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

5.                    

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Jonathan Watts

6.                    

Reason for the notification

a)

Position/status: Chief Creative Officer

b)

Initial notification/Amendment: Initial Notification

7.                    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name: Frontier Developments plc

b)

LEI: 213800B9LGPWUAZ9GX18

8.                    

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: Grant of 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.

c)

Price(s) and volume(s):

Price(s)

Volume(s)

0.5p

16,935

 

d)

Aggregated information:

·   Aggregated volume: 16,935

·   Price: 0.5p

e)

Date of the transaction:  17 October 2018

f)

Place of the transaction: Outside a trading venue

  


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