2 July 2015
Frontier Developments plc
(the "Company")
Block Listing Application, Exercise of Warrants and EBT Dealings
Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following:
Block Listing Application
An application has been made to the AIM Market of the London Stock Exchange for the block admission of 750,000 ordinary shares of 0.5 pence each ("Ordinary Shares"). The block admission is to satisfy the exercise of options as part of the 2005 and 2012 EMI Share Option Plans and the 2014 Unapproved Company Share Option Plan.
It is expected that the block admission will become effective on 8 July 2015. When issued, these shares will be issued credited as fully paid and will rank pari passu with the existing Ordinary Shares of the Company.
Exercise of warrants
The Company has today issued 217,084 Ordinary Shares ("New Ordinary Shares") to satisfy the exercise of warrants, which were granted at IPO in July 2013 with an exercise price of 127 pence per ordinary share.
Following the issue of the New Ordinary Shares, the Company's issued share capital consists of 33,796,781 Ordinary Shares. The Company holds no Ordinary Shares in Treasury.
The total number of voting rights in the Company is therefore 33,796,781. This figure may be used by shareholders as the denominator for the calculations 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.
The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 8 July 2015.
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 35,899 Ordinary Shares at 208.5 pence per Ordinary Share on 2 July 2015.
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 the EBT transferred 90,500 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to certain of the Company's employees on 1 July 2015 in order to satisfy the exercise of share options. These options had an average exercise price of 70 pence per Ordinary Share. For those employees undertaking cashless exercise the EBT purchased 58,031 Ordinary Shares at 207.5 pence per Ordinary Share on 1 July 2015.
Following theses transactions, the EBT is interested in 37,885 Ordinary Shares, representing 0.01 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.
Enquiries:
Frontier Developments |
+44 (0)1223 394 300 |
David Braben, CEO David Walsh, COO Neil Armstrong, CFO |
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Canaccord Genuity |
+44 (0) 207 523 8000 |
Simon Bridges/Emma Gabriel |
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Finncap |
+44 (0) 207 220 0500 |
Matt Goode/Giles Rolls |
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Tulchan Communications |
+44 (0) 207 353 4200 |
James Macey White/Matt Lowe |
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