leadf
logo-loader
RNS
viewFrontier Developments

Frontier Dev PLC - Director/PDMR Shareholding

RNS Number : 6609B
Frontier Developments PLC
09 October 2020
 

9 October 2020

 

Frontier Developments plc

 Option grants/ PDMR Dealings

On 9 October 2020, Frontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading developer and publisher of videogames based in Cambridge, UKgranted a total of 28,986 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 0.5p each.

Each of the three Executive Directors have been awarded Options over 9,662 Ordinary Shares, to vest in three years subject to achieving certain Total Shareholder Return performance targets over the three year vesting period. The calculation method and performance conditions of these awards are consistent with the awards issued to each Executive Director in 2017, 2018 and 2019.

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 under all share option schemes.

 

Name of Director

Position

Number of Options granted on 9 October 2020

Total number of share options held under all schemes following the grants on 9 October 2020

David Braben

Chief Executive Officer

9,662

377,255

Jonathan Watts

Chief Creative Officer

9,662

168,970

Alex Bevis

Chief Financial Officer and Company Secretary

9,662

177,255

 

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 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 9,662 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

9,662

 

d)

Aggregated information:

N/A - Single transaction

 

e)

Date of the transaction:  9 October 2020

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 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: Grant of 9,662 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

9,662

 

d)

Aggregated information:

N/A - Single transaction

 

e)

Date of the transaction:  9 October 2020

f)

Place of the transaction: Outside a trading venue

  

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 9,662 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

9,662

 

d)

Aggregated information:

N/A - Single transaction

 

e)

Date of the transaction:  9 October 2020

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 [email protected] 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
 
 
DSHKKCBPCBDKOKK

Quick facts: Frontier Developments

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

8 min read