6 May 2015
Frontier Developments plc
(the "Company")
EBT Dealings & Grant of Options
Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following dealings:
Employee Benefit Trust Dealings
The Company was notified today by Appleby Trust (Jersey) Limited, the trustee of the Frontier Developments plc Employee Share Ownership Plan Trust (the "EBT"), that they purchased 10,000 Ordinary Shares at 226.3 pence per Ordinary Share on 5 May 2015.
Following this transaction, the EBT is interested in 31,837 Ordinary Shares, representing 0.1 per cent of the Company's total issued share capital.
The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, who have been granted share options. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.
Grant of Options
On 6 May 2015, the Company awarded to the non-executive directors of the Company 25,000 share options (the "Options"), exercisable into new ordinary shares of 0.5 pence in the Company ("Ordinary Shares") at an exercise price of 230 pence per share. The Options are subject to certain performance conditions, and will vest over a period of three years.
Out of the total award of 25,000 options, 12,500 have been awarded to David Gammon and 12,500 to Jonathan Milner. Following this grant, the following Options over Ordinary Shares have been granted to the non-executive directors of the Company and are outstanding:
Name of Director |
Position |
Scheme |
Number of Options granted |
Total number of Options |
David Gammon |
Non-Executive Chairman |
Company Share Option Plan & Unapproved Plan |
12,500 |
183,242 |
Jonathan Milner |
Non-Executive Director |
Company Share Option Plans & Unapproved Plan |
12,500 |
55,186 |
Enquiries:
Frontier Developments |
+44 (0)1223 394 300 |
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David Braben, CEO David Walsh, COO Neil Armstrong, CFO |
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Canaccord Genuity |
+44 (0) 207 523 8000 |
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Simon Bridges/Cameron Duncan |
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Finncap |
+44 (0) 207 220 0506 |
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Matt Goode |
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Tulchan Communications |
+44 (0) 207 353 4200 |
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James Macey White |
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