REG - Frontier Developmnts - EBT Share Purchase

Frontier DevelopmentsAnnouncement

11/04/2022 09:45

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RNS Number : 9530H  Frontier Developments PLC  11 April 2022

Frontier Developments plc

(the "Company")

 EBT Share Purchase

The Company was notified on 8(th) April 2022, by Ocorian Limited, the trustee
of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the
EBT had purchased 82,674 ordinary shares of 0.5p each in the Company
("Ordinary Shares") at an average price of 1,325 pence per Ordinary Share on
8(th) April 2022. 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. The purchase of Ordinary Shares by the
EBT has been funded from the Company's existing cash resources.

Following this transaction, a total of 321,431 Ordinary Shares are held by
the EBT, representing approximately 0.82 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)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 / Jordan McCulla / Olivia Lucas

 

 

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.

www.frontier.co.uk (http://www.frontier.co.uk/)

 

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