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Frontier Dev PLC - Director/PDMR Shareholding

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.

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: 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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Quick facts: Frontier Developments

Price: 2705

Market: AIM
Market Cap: £10.37 m
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