REG - Frontier Developmnts - Share Options and Director/PDMR Dealings
15/10/2024 11:30
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RNS Number : 2699I Frontier Developments PLC 15 October 2024
15 October 2024
Frontier Developments plc
Share Options and Director/PDMR Dealings
Frontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading
developer and publisher of video games based in Cambridge, UK, confirms the
vesting outcomes for LTIP (Long Term Incentive Plan) share options over
Ordinary Shares of 0.5p each in the Company ('Ordinary Shares') which were
awarded to Executive Directors on 15 October 2021 (the 'Share Options').
The Share Options were awarded with a three-year vesting period and they
included performance conditions with an element based on share price growth
over that period. As a result of the decline in the Company's share price
during the vesting period, the performance conditions for the Share Options
were not met, resulting in lapses.
The number of Share Options lapsing on 15 October 2024 for each Executive
Director is set out below, along with the total number of share options held
under all schemes by each Executive Director after the lapses.
Name of Director Position Number of LTIP Share Options lapsing on 15 October 2024 Total number of share options held under all schemes following the lapses on
15 October 2024
Jonathan Watts Chief Executive Officer 10,510 176,502
David Braben President & Founder 10,910 83,374
Alex Bevis Chief Financial Officer 10,510 162,320
James Dixon Chief Operating Officer 1,682 42,627
Enquiries:
Frontier Developments +44 (0)1223 394 300
Jonny Watts, CEO
Alex Bevis, CFO
Peel Hunt - Nomad and Joint Corporate Broker +44 (0)20 7418 8900
Neil Patel / Ben Cryer / Kate Bannatyne
Panmure Liberum - Joint Corporate Broker +44 (0)20 3100 2000
Max Jones / Matt Hogg / Nikhil Varghese
Teneo +44 (0)20 7353 4200
Matt Low / Arthur Rogers
About Frontier Developments plc
Frontier is a leading independent developer and publisher of video games
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
video game consoles.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk (http://www.frontier.co.uk/)
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: President and Founder
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) Lapse of Options awarded under the Company's LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
0.5p 10,910
d) Aggregated information:
N/A - Single transaction
e) Date of the transaction: 15 October 2024
f) Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Jonathan Watts
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) Lapse of Options awarded under the Company's LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
0.5p 10,510
d) Aggregated information:
N/A - Single transaction
e) Date of the transaction: 15 October 2024
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A - Single transaction
e)
Date of the transaction: 15 October 2024
f)
Place of the transaction: Outside a trading venue
1.
Details of the person discharging managerial responsibilities/person closely
associated
a)
Name: Jonathan Watts
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)
Lapse of Options awarded under the Company's LTIP
c)
Price(s) and volume(s):
Price(s) Volume(s)
0.5p 10,510
d)
Aggregated information:
N/A - Single transaction
e)
Date of the transaction: 15 October 2024
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Alexander Bevis
2. Reason for the notification
a) Position/status: Chief Financial 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) Lapse of Options awarded under the Company's LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
0.5p 10,510
d) Aggregated information:
N/A - Single transaction
e) Date of the transaction: 15 October 2024
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A - Single transaction
e)
Date of the transaction: 15 October 2024
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: James Dixon
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) Lapse of Options awarded under the Company's LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
0.5p 1,682
d) Aggregated information:
N/A - Single transaction
e) Date of the transaction: 15 October 2024
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A - Single transaction
e)
Date of the transaction: 15 October 2024
f)
Place of the transaction: Outside a trading venue
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