- Title:
Option grants /PDMR Shareholding - Time:
16:11:56 - Date:
26 Mar 2021 - Category:
Director/PDMR dealings - ID:
7007T
Frontier Developments plc
Director/PDMR Shareholding
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 25 March 2021, in aggregate options over 33,924 Ordinary Shares of 0.5p each in the Company ("Ordinary Shares") have been awarded under the existing all-staff Sharesave equity plan (the "Plan"), which Directors are also entitled to participate in. 1,824 options with an exercise price of 1,972 pence per Ordinary Share were granted to two of the Executive Directors (the "Options"). The Options are due to vest on 1 May 2024, after which they must be exercised within six months.
Following these grants, the number of Ordinary Shares held under option by each of the Executive Directors is as follows:
| Name of Director |
Position |
Number of Options granted on 25 March 2021 |
Total number of share options held under all schemes |
| Jonathan Watts |
Chief Creative Officer |
912 |
146,234 |
| Alex Bevis |
Chief Financial Officer and Company Secretary |
912 |
168,888 |
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 / William Booth / Tom Blundell / 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.
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: 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 transactions: Grant of 912 options over ordinary shares of 0.5 pence each with an exercise price of 1,972 pence per share. The Options are due to vest on 1 May 2024, after which they must be exercised within 6 months. |
||||
| c)
|
Price(s) and volume(s):
|
||||
| d) |
Aggregated information: N/A - Single transaction |
||||
| e) |
Date of the transaction: 25 March 2021 |
||||
| f) |
Place of the transaction: Outside trading venue |
| 1. |
Details of the person discharging managerial responsibilities/person closely associated |
||||
| a) |
Name: Alexander 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 transactions: Grant of 912 options over ordinary shares of 0.5 pence each with an exercise price of 1,972 pence per share. The Options are due to vest on 1 May 2024, after which they must be exercised within 6 months. |
||||
| c)
|
Price(s) and volume(s):
|
||||
| d) |
Aggregated information: N/A - Single transaction |
||||
| e) |
Date of the transaction: 25 March 2021 |
||||
| f) |
Place of the transaction: Outside trading venue |
Option grants /PDMR Shareholding16:11:5626 Mar 2021Director/PDMR dealings7007T