17 October 2016
Frontier Developments plc
(the "Company")
Director / PDMR Grant of Options
Grant of Options
On 14 October 2016, the Company awarded to the Directors and Non-Executive Directors of the Company 85,000 share options (the "Options") and PDMR's 5,000 Share Options (the "Options"), exercisable into new ordinary shares of 0.5 pence in the Company ("Ordinary Shares") at an exercise price of 174 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 90,000 options, 25,000 have been awarded to Charles Cotton, 60,000 to Jonathan Watts and 5,000 to Amanda Alsop (a PDMR of Frontier). 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 |
Jonathan Watts | Chief Creative officer | Company Share Option Plans | 60,000 | 300,000 |
Charles Cotton | Non-Executive Director | | 25,000 | 25,000 |
Amanda Alsop | Group Accountant (PDMR) | Company Share Option Plans | 5,000 | 18,000 |
Enquiries:
Frontier Developments | +44 (0)1223 394 300 |
David Braben, CEO David Walsh, COO Neil Armstrong, CFO | |
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Numis - Nomad and Joint Broker | +44 (0)20 7260 1000 |
Simon Willis/Jamie Lillywhite/Toby Adcock | |
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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 Low | |
About Frontier Developments plc
Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.
www.frontier.co.uk
Frontier Developments plc
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: Charles Cotton |
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: n/a |
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 0.05p each. Identification code: GB00BBT32N39 |
b) | Nature of the transaction: Grant of Options |
c) | Price(s) and volume(s): Price(s) | Volume(s) | 174p | 25,000 |
|
d) | Aggregated information: · Aggregated volume: 25,000 · Price: 174p |
e) | Date of the transaction: 2016-10-14 |
f) | Place of the transaction: n/a |
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: n/a |
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 0.05p each. Identification code: GB00BBT32N39 |
b) | Nature of the transaction: Grant of Options |
c) | Price(s) and volume(s): Price(s) | Volume(s) | 174p | 60,000 |
|
d) | Aggregated information: · Aggregated volume: 60,000 · Price: 174p |
e) | Date of the transaction: 2016-10-14 |
f) | Place of the transaction: n/a |
1. | Details of the person discharging managerial responsibilities/person closely associated |
a) | Name: Amanda Alsop |
2. | Reason for the notification |
a) | Position/status: Group Accountant |
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: n/a |
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 0.05p each. Identification code: GB00BBT32N39 |
b) | Nature of the transaction: Grant of Options |
c) | Price(s) and volume(s): Price(s) | Volume(s) | 174p | 5,000 |
|
d) | Aggregated information: · Aggregated volume: 5,000 · Price: 174p |
e) | Date of the transaction: 2016-10-14 |
f) | Place of the transaction: n/a |
