TIDMFDEV
RNS Number : 5160T
Frontier Developments PLC
20 March 2023
20 March 2023
Frontier Developments plc
Director/PDMR Shareholding
Frontier Developments plc (AIM: FDEV, 'Frontier' or the
'Company'), a leading developer and publisher of videogames based
in Cambridge, UK , announces Director/PDMR transactions in respect
to the existing all-staff Sharesave share option plan (the
'Sharesave Plan').
The Sharesave Plan provides all staff with the opportunity to
save towards a tax efficient share option over 3 years, with a
maximum monthly saving of GBP500. The option exercise price is set
with a 20% discount to market price at the invitation date.
On 17 March 2023, options were awarded to staff under the latest
Sharesave Plan invitation with an option exercise price of GBP3.54.
This option award included three Executive Directors, with each
Director cancelling their previous Sharesave Plan savings contract
at significantly higher exercise prices (GBP9.72 to GBP19.72). The
new options are due to vest on 1 May 2026, after which they must be
exercised within six months.
The following table sets out the lapses and new awards for each
Executive Director, as well as the number of Ordinary Shares of
0.5p each in the Company held under option by each of the Executive
Directors following the transactions:
Name of Director Position Number of Number of Total number
Options lapsing Options granted of share options
held under
all schemes
Chief Executive
Jonathan Watts Officer 912 5,084 196,674
----------------- ----------------- ----------------- ------------------
Chief Financial
Alex Bevis Officer 912 5,084 182,492
----------------- ----------------- ----------------- ------------------
Chief Operating
James Dixon Officer 1,851 5,084 45,201
----------------- ----------------- ----------------- ------------------
Enquiries :
Frontier Developments +44 (0)1223 394 300
Jonny Watts, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Andrew Godber / Kate Bannatyne
Jefferies - Joint Broker +44 (0)20 7029 8000
Philip Noblet / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Mark Burgess / Alex Dart
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: Jonathan Watts
---------------------------------------------------------------------
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 transactions: Grant of 5,084 options
over Ordinary Shares of 0.5 pence each with an exercise
price of GBP3.54 per share. The Options are due to
vest on 1 May 2026, after which they must be exercised
within 6 months.
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP3.54 5,084
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander Bevis
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Financial 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 transactions: Grant of 5,084 options
over Ordinary Shares of 0.5 pence each with an exercise
price of GBP3.54 per share. The Options are due to
vest on 1 May 2026, after which they must be exercised
within 6 months.
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP3.54 5,084
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: James Dixon
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Operating 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 transactions: Grant of 5,084 options
over Ordinary Shares of 0.5 pence each with an exercise
price of GBP3.54 per share. The Options are due to
vest on 1 May 2026, after which they must be exercised
within 6 months.
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP3.54 5,084
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jonathan Watts
---------------------------------------------------------------------
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 transactions: Lapse of Options awarded
under the Company's Sharesave Plan
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP19.72 912
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander Bevis
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Financial 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 transactions: Lapse of Options awarded
under the Company's Sharesave Plan
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP19.72 912
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: James Dixon
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Operating 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 transactions: Lapse of Options awarded
under the Company's Sharesave Plan
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP9.72 1,851
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 17 March 2023
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHURUKROOUOURR
(END) Dow Jones Newswires
March 20, 2023 05:30 ET (09:30 GMT)
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From Jul 2023 to Jul 2024
