Frontier Developments PLC Option Grants / PDMR Dealings (3869E)
October 17 2018 - 10:43AM
UK Regulatory
TIDMFDEV
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 Total Number
granted on of Options
17 October held
2018
Chief Executive
David Braben Officer 16,935 346,144
------------------------ ------------------ -------------
Jonathan Watts Chief Creative Officer 16,935 107,972
------------------------ ------------------ -------------
Chief Financial
Officer and Company
Alex Bevis 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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END
DSHZDLFFVBFZFBL
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