REG - Frontier Dev PLC - Executive Director Option Awards <Origin Href="QuoteRef">FDEV.L</Origin>

Frontier DevelopmentsAnnouncement

01/06/2017 08:50

RNS Number : 8236G
Frontier Developments PLC
01 June 2017
1 June 2017
Frontier Developments plc
(the "Company")
Executive Director Option Awards
On 30 May 2017, the Company awarded Alex Bevis, CFO and Company Secretary, a non-qualifying option over 300,000 new ordinary shares of 0.5 pence in the Company ("Shares") at an exercise price of 250 pence per share and on the same terms as the Company's qualifying Company Share Option Plan (approved by the board of directors of the Company on 25 November 2013). The award was made according to the terms of Mr Bevis's offer of employment, following successful completion of a probation period.
On 30 May 2017, the Company also made awards to each of the four Executive Directors (David Braben, David Walsh, Jonathan Watts and Alex Bevis) of an option over 7,389 Shares at an exercise price of 406 pence under the Company Share Option Plan.
Following these grants, the number of Shares held under option by each of the Executive Directors is as follows: 
Name of Director
Position
Number of Options awarded on 30 May 2017
Number of Options outstanding
David Braben
Chief Executive Officer
7,389
307,389
David Walsh
Chief Operating Officer
7,389
307,389
Jonathan Watts
Chief Creative officer
7,389
167,389
Alex Bevis
Chief Financial Officer and Company Secretary
307,389
307,389
Enquiries:
Frontier Developments
+44 (0)1223 394 300
Alex Bevis, CFO



Numis - Nomad and Joint Broker
+44 (0)20 7260 1000
Simon Willis/Jamie Lillywhite/Toby Adcock 



Finncap
+44 (0) 207 220 0500
Matt Goode/Giles Rolls



Tulchan Communications
+44 (0) 207 353 4200
James Macey White/Matt Low


About Frontier Developmentsplc 
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: Alex 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 transaction: Grant of Options
c)
Price(s) and volume(s): 
Price(s)
Volume(s)
250p 
300,000
d)
Aggregated information:
 Aggregated volume: 300,000
 Price: 250p
e)
Date of the transaction: 2017-05-30
f)
Place of the transaction: Outside a trading venue
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: Alex 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 transaction: Grant of Options
c)
Price(s) and volume(s): 
Price(s)
Volume(s)
406p 
7,389
d)
Aggregated information:
 Aggregated volume: 7,389
 Price: 406p
e)
Date of the transaction: 2017-05-30
f)
Place of the transaction: Outside a trading venue
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: David Braben
2. 
Reason for the notification
a)
Position/status: Chief Executive 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 transaction: Grant of Options
c)
Price(s) and volume(s): 
Price(s)
Volume(s)
406p 
7,389
d)
Aggregated information:
 Aggregated volume: 7,389
 Price: 406p
e)
Date of the transaction: 2017-05-30
f)
Place of the transaction: Outside a trading venue
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: David Walsh
2. 
Reason for the notification
a)
Position/status: Chief Operating 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 transaction: Grant of Options
c)
Price(s) and volume(s): 
Price(s)
Volume(s)
406p 
7,389
d)
Aggregated information:
 Aggregated volume: 7,389
 Price: 406p
e)
Date of the transaction: 2017-05-30
f)
Place of the transaction: Outside a trading venue
Frontier Developments plc
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
5. 
Details of the person discharging managerial responsibilities/person closely associated
a)
Name: Jonathan Watts
6. 
Reason for the notification
a)
Position/status: Chief Creative Officer
b)
Initial notification/Amendment: Initial Notification
7. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name: Frontier Developments plc 
b)
LEI: 213800B9LGPWUAZ9GX18
8. 
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 transaction: Grant of Options
c)
Price(s) and volume(s): 
Price(s)
Volume(s)
406p 
7,389
d)
Aggregated information:
 Aggregated volume: 7,389
 Price: 406p
e)
Date of the transaction: 2017-05-30
f)
Place of the transaction: Outside a trading venue

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