Frontier Development PLC — Director's Dealing 2020

Oct 22, 2020

National Storage Mechanism | Additional information

RNS Number : 9647C

Frontier Developments PLC

22 October 2020

Frontier Developments plc

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that Charles Cotton, a Non-Executive Director and PDMR of the Company,  exercised options over a total of 50,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's share option plans on 21 and 22 October 2020. Following these exercises, Charles Cotton subsequently sold a total of 50,000 Ordinary Shares on 21 and 22 October 2020.

The Company was also notified that David Walsh, a Non-Executive Director and PDMR of the Company, sold 3,500 Ordinary Shares on 21 October 2020. 

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 following these transactions.

Name of Director	Role	Number of Options exercised	Weighted Average Exercise price of Options exercised	Total Number of Options held following the exercise
Charles Cotton	Non-Executive Director	50,000	226p	Nil

				Resultant Holding
Name of Director	Role	Ordinary shares sold	Weighted Average Price of Ordinary shares sold	Number of Ordinary Shares held following the sale	Percentage of issued share capital
Charles Cotton	Non-Executive Director	50,000	2,625p	154,659(1)	0.39%(1)
David Walsh	Non-Executive Director	3,500	2,591p	Nil	Nil

(1)Including Charles Cotton's direct family holdings

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 39,249,088 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,249,088.

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 / 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.

www.frontier.co.uk

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 Director

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)    Exercise of Options

d)    Disposal of Ordinary Shares

c)

Price(s) and volume(s):

a)   

Exercise Price(s)	Volume(s)
174p	25,000

b)   

Sale Price(s)	Volume(s)
2,630p	25,000

c)

Exercise Price(s)	Volume(s)
278p	25,000

d)

Sale Price(s)	Volume(s)
2,620p	25,000

d)

Aggregated information:

Exercise of Options (a and c)

Exercise Price(s)	Volume(s)
226p	50,000

Sale of Ordinary Shares (b and d)

Sale Price(s)	Volume(s)
2,625p	50,000

e)

Date of the transaction(s): 

a)    21 October 2020

b)    21 October 2020

c)    22 October 2020

d)    22 October 2020

f)

Place of the transaction:

a)    Outside a trading venue

b)    London Stock Exchange

c)    Outside a trading venue

d)    London Stock Exchange

1.                    

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: David Walsh

2.                    

Reason for the notification

a)

Position/status: Non-Executive Director

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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Sale Price(s)	Volume(s)
2,591p	3,500

d)

Aggregated information:

n/a - Single transaction

e)

Date of the transaction(s):  21 October 2020

f)

Place of the transaction:

a)    London Stock Exchange

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