Frontier Developments PLC Director/PDMR Shareholding (6609B)
09 Ottobre 2020 - 11:59AM
UK Regulatory
TIDMFDEV
RNS Number : 6609B
Frontier Developments PLC
09 October 2020
9 October 2020
Frontier Developments plc
Option grants/ PDMR Dealings
On 9 October 2020, Frontier Developments plc (AIM: FDEV,
'Frontier' or the 'Company'), a leading developer and publisher of
videogames based in Cambridge, UK , granted a total of 28,986
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 0.5p each.
Each of the three Executive Directors have been awarded Options
over 9,662 Ordinary Shares, to vest in three years subject to
achieving certain Total Shareholder Return performance targets over
the three year vesting period. The calculation method and
performance conditions of these awards are consistent with the
awards issued to each Executive Director in 2017, 2018 and
2019.
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 under all
share option schemes.
Name of Director Position Number of Options Total number
granted on 9 of share options
October 2020 held under all
schemes following
the grants on
9 October 2020
David Braben Chief Executive Officer 9,662 377,255
------------------------- ------------------ -------------------
Jonathan
Watts Chief Creative Officer 9,662 168,970
------------------------- ------------------ -------------------
Chief Financial Officer
Alex Bevis and Company Secretary 9,662 177,255
------------------------- ------------------ -------------------
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 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 9,662 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 9,662
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 9 October 2020
---------------------------------------------------------------------
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 Creative 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 9,662 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 9,662
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 9 October 2020
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
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 9,662 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 9,662
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 9 October 2020
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
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END
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(END) Dow Jones Newswires
October 09, 2020 05:59 ET (09:59 GMT)
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