Frontier Developments PLC PCA Dealing (7584U)
26 Novembre 2019 - 6:29PM
UK Regulatory
TIDMFDEV
RNS Number : 7584U
Frontier Developments PLC
26 November 2019
Not for publication, distribution or release, directly or
indirectly, in whole or in part, in or into the United States,
Australia, Canada, Japan or Republic of South Africa or any other
jurisdiction in which such release, publication or distribution
would be unlawful.
26 November 2019
Frontier Developments plc
("Frontier" or the "Company")
PCA Dealing
Frontier Developments plc (AIM: FDEV), announces that it has
been notified by Wendy Irvin-Braben (the "Selling Shareholder")
that, further to the announcement earlier today, she has
successfully sold a total of 1,250,000 ordinary shares in the
Company ("Sale Shares") at a price of 1,200 pence per Sale Share
(the "Sale"). The Sale Shares in aggregate represent approximately
3.2% of the Company's issued share capital. The Selling Shareholder
is the wife of, and therefore a person closely associated with, the
chief executive officer of the Company, David Braben.
The Selling Shareholder and David Braben have undertaken that,
without the prior written consent of Jefferies International
Limited and Liberum Capital Limited, they will not dispose of any
further Ordinary Shares for a period of 360 days after completion
of the Sale (subject to customary exceptions).
Following completion of the Sale, Wendy Irvin-Braben continues
to hold 740,573 Ordinary Shares or 1.9% of the issued share capital
of the Company. Therefore, including Wendy Irvin-Braben's residual
shareholding, following completion of the Sale David Braben will
have a total interest of 12,899,953 Ordinary Shares or 33.2% of the
issued share capital of the Company.
The Company is not a party to the Sale and will not receive any
proceeds from the Sale.
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation (EU) 596/2014. The person
responsible for making this announcement on behalf of the Company
is Alex Bevis.
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 / James Macey White
About Frontier Developments plc
Frontier is a leading independent creator of self-published
videogame franchises 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 games, currently focusing on videogame consoles and
personal computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Wendy Irvin-Braben
------------------------------------ ------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status 1. Spouse of David Braben, Chief Executive
Officer and a Director
------------------------------------ ------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------------ ------------------------------------------------
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 Ordinary Shares of 0.5p each
of the financial
instrument,
type of instrument
Identification GB00BBT32N39
code
------------------------------------ ------------------------------------------------
b) Nature of Disposal of shares
the transaction
------------------------------------ ------------------------------------------------
c) Price(s) Wendy Irvin-Braben:
and volume(s) Price(s) Volume(s)
1,200p 1,250,000
----------
------------------------------------ ------------------------------------------------
d) Aggregated
information
1,250,000
* Aggregated volume 1,200p
GBP15,000,000
* Price
* Aggregated Total
------------------------------------ ------------------------------------------------
e) Date of the 26/11/2019
transaction
------------------------------------ ------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------------------------ ------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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November 26, 2019 12:29 ET (17:29 GMT)
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