TIDMFDEV

RNS Number : 3290Z

Frontier Developments PLC

17 September 2020

Frontier Developments plc

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 16 September 2020 in aggregate options over 21,189 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were exercised under the Company's share option plans. Of the Ordinary Shares exercised, David Walsh, a Director of the Company, exercised 7,389 share options (the "Options") and subsequently sold 7,389 Ordinary Shares. The Company was also notified that Ann Cotton, a person closely associated ("PCA") with Charles Cotton, a Director of the Company, sold 1,927 Ordinary Shares on 16 September 2020.

The Options exercised and Ordinary Shares sold by the Director and PCA are set out in the tables below, together with the total number of Ordinary Shares each Director is interested in and holds under option.

 
 Name of Director   Role             Number of Options  Exercise price   Total Number 
                                      exercised          of Options       of Options held 
                                                         exercised        following the 
                                                                          exercise 
                    Non-Executive 
 David Walsh         Director        7,389              406p             23,648 
                    --------------  ------------------  --------------  ----------------- 
 
 
                                                                                Resultant Holding 
------------------  ---------------------  -------------  ------------- 
 Name of Director   Role                    Ordinary       Price of      Number of         Percentage 
  / PCA                                      shares sold    Ordinary      Ordinary Shares   of issued 
                                                            shares sold   held following    share capital 
                                                                          the sale 
                    ---------------------  -------------  -------------  ----------------  -------------- 
                    Non-Executive 
 David Walsh         Director               7,389          2,601p        3,500             0.01% 
                    ---------------------  -------------  -------------  ----------------  -------------- 
                    PCA of Non-Executive 
 Ann Cotton          Director               1,927          2,598p        154,659 (1)       0.39% (1) 
                    ---------------------  -------------  -------------  ----------------  -------------- 
 

(1) Including Charles Cotton's direct family holdings

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that, following the exercise of Options, its issued share capital consists of 39,199,088 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,199,088.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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 / Deborah Roney / David Allchurch

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

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: Non-Executive Director 
     --------------------------------------------------------------------- 
 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: 
            a) Exercise of Options 
            b) Disposal of Ordinary Shares 
     --------------------------------------------------------------------- 
 c)        Price(s) and volume(s): 
            a) Exercise Price(s)   Volume(s) 
             406p                7,389 
                                ---------- 
 
 
            b) Sale Price(s)   Volume(s) 
             2,601p          7,389 
            --------------  ---------- 
     --------------------------------------------------------------------- 
 d)          Aggregated information: 
              a) n/a - Single transaction 
              b) n/a - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction(s): 16 September 2020 
     --------------------------------------------------------------------- 
 f)        Place of the transaction: 
            a) Outside a trading venue 
            b) London Stock Exchange 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Ann Cotton, PCA of Charles Cotton 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: PCA of a Non-Executive Director 
     --------------------------------------------------------------------- 
 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: 
                  Disposal of Ordinary Shares 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Sale Price(s)   Volume(s) 
        2,598p          1,927 
                       ---------- 
     --------------------------------------------------------------------- 
 d)          Aggregated information: 
              n/a - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction(s): 16 September 2020 
     --------------------------------------------------------------------- 
 f)              Place of the transaction: 
                  a) London Stock Exchange 
     --------------------------------------------------------------------- 
 
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END

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September 17, 2020 07:18 ET (11:18 GMT)

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