Frontier Dev PLC - Proposed PCA Dealing
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Please see the Important Notice at the end of this announcement.
("Frontier" or the "Company")
Proposed PCA Dealing
The Sale Shares represent approximately 3.2% of the Company's issued share capital. Assuming all the Sale Shares are sold, the Selling Shareholder will, following completion of the Sale, continue to hold 1.9% of the issued share capital of the Company. Therefore, including
The Selling Shareholder and
The Company is not a party to the Sale and will not receive any proceeds from the Sale.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is
Frontier Developments +44 (0)1223 394 300
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Jefferies - Joint Broker +44 (0)20 7029 8000
Max Jones / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Deborah Roney / James Macey White
Frontier is a leading independent creator of self-published videogame franchises 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 games, currently focusing on videogame consoles and personal computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
In connection with the Sale,
Jefferies and Liberum are each authorised and regulated by the FCA. Each of the Managers is acting for the Seller only in connection with the Sale and no one else, and will not be responsible to anyone other than the Seller for providing the protections offered to clients of the Managers nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.
This announcement has been issued by the Company on behalf of the Seller and is the sole responsibility of the Seller apart from the responsibilities and liabilities, if any, that may be imposed on Jefferies or Liberum by the
This information is provided by RNS, the news service of the
Quick facts: Frontier Developments
Market Cap: £1.06 billion
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