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Frontier Development PLC Director's Dealing 2020
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8017Y
Frontier Developments PLC
11 September 2020
Frontier Developments plc
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that employees of the Company have exercised in aggregate options over 401,339 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans. Of the Ordinary Shares exercised by employees, three Directors of the Company have exercised 279,889 share options (the "Options") and subsequently sold 347,351 Ordinary Shares.
The Options exercised and Ordinary Shares sold by the Directors are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option.
| Name of Director | Role | Number of Options exercised | Weighted average exercise price of Options exercised | Total Number of Options held following the exercise |
| David Gammon(1) | Non-Executive Chairman | 12,500 | 230p | Nil |
| Alex Bevis | CFO & Company Secretary | 200,000 | 250p | 167,593 |
| Jonathan Watts | Chief Creative Officer | 67,389 | 199p | 159,308 |
| Resultant Holding | ||||
| Name of Director | Ordinary shares sold | Price of Ordinary shares sold | Number of Ordinary Shares held following the sale | Percentage of issued share capital |
| David Gammon(1) | 59,962 | 2,386p | 290,000 | 0.74% |
| Alex Bevis | 200,000 | 2,386p | 17,000 | 0.04% |
| Jonathan Watts | 87,389 | 2,386p | 20,000 | 0.05% |
(1)David Gammon, together with his family, holds and held beneficial interest in these Options and Ordinary Shares through Rockspring, a UK company, where David is a Director.
Total Voting Rights
In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following the exercise of Options, its issued share capital consists of 39,191,699 Ordinary Shares.
The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,191,699.
The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
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
Jefferies - Joint Broker +44 (0)20 7029 8000
Max Jones / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Deborah Roney / David Allchurch
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.
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 Gammon
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: 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:
a) Exercise of Options
b) Disposal of Ordinary Shares
c)
Price(s) and volume(s):
a)
| Exercise Price(s) | Volume(s) |
| 230p | 12,500 |
b)
| Sale Price(s) | Volume(s) |
| 2,386p | 12,500 |
| 2,386p | 47,462 |
d)
Aggregated information:
a) n/a - Single transaction
b)
| Average Sale Price | Volume |
| 2,386p | 59,962 |
e)
Date of the transaction(s): 11 September 2020
f)
Place of the transaction:
a) Outside a trading venue
b) London Stock Exchange
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name: Alex Bevis
2.
Reason for the notification
a)
Position/status: CFO & 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:
a) Exercise of Options
b) Disposal of Ordinary Shares
c)
Price(s) and volume(s):
a)
| Exercise Price(s) | Volume(s) |
| 250p | 200,000 |
b)
| Sale Price(s) | Volume(s) |
| 2,386p | 200,000 |
d)
Aggregated information:
a) n/a - Single transaction
b) n/a - Single transaction
e)
Date of the transaction(s): 11 September 2020
f)
Place of the transaction:
a) Outside a trading venue
b) London Stock Exchange
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: 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:
a) Exercise of Options
b) Disposal of Ordinary Shares
c)
Price(s) and volume(s):
a)
| Exercise Price(s) | Volume(s) |
| 406p | 7,389 |
| 174p | 60,000 |
b)
| Sale Price(s) | Volume(s) |
| 2,386p | 67,389 |
| 2,385p | 20,000 |
d)
Aggregated information:
a)
| Average Exercise Price | Volume |
| 199p | 67,389 |
b)
| Average Sale Price | Volume |
| 2,386p | 87,389 |
e)
Date of the transaction(s): 11 September 2020
f)
Place of the transaction:
a) Outside a trading venue
b) London Stock Exchange
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