REG - Frontier Developmnts - EBT Share Purchase

Frontier DevelopmentsAnnouncement

15/05/2023 11:45

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RNS Number : 4348Z  Frontier Developments PLC  15 May 2023

15 May 2023

Frontier Developments plc

 EBT Share Purchase

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") was notified
on 12 May 2023, by Ocorian Limited, the trustee of the Frontier Developments
plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 68,623
ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average
price of 533 pence per Ordinary Share on 12 May 2023. 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 473,714 Ordinary Shares are held by
the EBT, representing approximately 1.20 per cent of the Company's total
voting rights.

Enquiries:

 

Frontier Developments  +44 (0)1223 394 300

Jonny Watts, CEO

Alex Bevis, CFO

 

Liberum - Nomad and Joint Broker  +44 (0)20 3100 2000

Andrew Godber / Nikhil Varghese

 

Jefferies - Joint Broker  +44 (0)20 7029 8000

Philip Noblet / William Brown

 

Tulchan Communications  +44 (0)20 7353 4200

Matt Low / Mark Burgess / Alex Dart

 

 

 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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