REG - Frontier Dev PLC - EBT Share Purchase

Frontier DevelopmentsAnnouncement

14/09/2018 07:05

RNS Number : 7506A
Frontier Developments PLC
14 September 2018
 


14 September 2018
 
Frontier Developments plc
(the "Company")
 
EBT Share Purchase
 
The Company was notified on 13 September 2018, by the trustee of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 228,827 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of £11.162709 per Ordinary Share on 13 September 2018. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company.
 
Following this transaction, a total of 570,818 Ordinary Shares are held by the Company's employee benefit trust, representing approximately 1.473 per cent of the Company's total voting rights.
 
Enquiries:




Frontier Developments


+44 (0)1223 394 300




David Braben, CEO
Alex Bevis, CFO


 




 


 




 


 




Liberum - Nomad and Joint Broker


+44 (0)203 100 2000




Neil Patel /Cameron Duncan/William Hall


 




 


 




 
Finncap


+44 (0) 207 220 0500




Matt Goode/Giles Rolls


 




 


 




 
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 creator of self-published video game franchises 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, currently focusing on video game consoles and personal computers.
 
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
 
www.frontier.co.uk                 
 




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