REG - Frontier Dev PLC - Option Grants / PDMR Dealings

Frontier DevelopmentsAnnouncement

17/10/2018 15:45

RNS Number : 3869E
Frontier Developments PLC
17 October 2018
 


17 October 2018
Frontier Developments plc
 
Option Grants / PDMR Dealings
 
On 17 October 2018, Frontier Developments plc (the "Company") granted a total of 50,805 options over ordinary shares of 0.5p each in the Company ("Ordinary Shares") under the existing Long Term Incentive Plan ("LTIP") to the Executive Directors (the "Options").
 
The exercise price of the Options under the LTIP is the nominal value of the Ordinary Shares, being 0.5 pence each. 
 
The Options awarded to the Executive Directors are set out in the table below, together with the
total number of Ordinary Shares held under option by each of the Executive Directors.
 




Name of Director


Position


Number of Options granted on 17 October 2018


Total Number of Options held




David Braben


Chief Executive Officer


16,935


346,144




Jonathan Watts


Chief Creative Officer


16,935


107,972




Alex Bevis


Chief Financial Officer and Company Secretary


16,935


346,144




 
 
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                                                               
                                                                                                                        
finnCap - Joint Broker                                                                            +44 (0) 207 220 0500
Matt Goode/Giles Rolls (Corporate Finance)
Alice Lane (ECM)      
                                                                                                                        
Tulchan Communications                                                                      +44 (0) 207 353 4200
Matt Low/James Macey White
 
 
 
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.
 
 
 
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 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.




c)


Price(s) and volume(s):




Price(s)


Volume(s)




0.5p


16,935




 




d)


Aggregated information:
·   Aggregated volume: 16,935
·   Price: 0.5p




e)


Date of the transaction:  17 October 2018




f)


Place of the transaction: Outside a trading venue




 
 
 
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 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.




c)


Price(s) and volume(s):




Price(s)


Volume(s)




0.5p


16,935




 




d)


Aggregated information:
·   Aggregated volume: 16,935
·   Price: 0.5p




e)


Date of the transaction:  17 October 2018




f)


Place of the transaction: Outside a trading venue




 
 
 
 
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 16,935 options over ordinary shares of 0.5 pence each with an exercise price of 0.5 pence per share. The Options are due to vest after 3 years (based on TSR performance conditions) and must be exercised within 10 years from the date of award.




c)


Price(s) and volume(s):




Price(s)


Volume(s)




0.5p


16,935




 




d)


Aggregated information:
·   Aggregated volume: 16,935
·   Price: 0.5p




e)


Date of the transaction:  17 October 2018




f)


Place of the transaction: Outside a trading venue




  




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