RNS Number : 1974C

Frontier Developments PLC

18 February 2022

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 February 2022, David Walsh, Non-Executive Director, exercised options over 2,563 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") under the Company's Long Term Incentive Plan ("LTIP") at an exercise price equal to the nominal value per Ordinary Share. Subsequently on 16 February 2022, Mr Walsh sold 2,563 Ordinary Shares at a price of 1,350 pence per Ordinary Share. Mr Walsh held no Ordinary shares before these transactions, and that position remains unchanged following these transactions.

Following these transactions, Mr Walsh has remaining options over 16,453 Ordinary Shares under the LTIP scheme.

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 39,399,041 Ordinary Shares.

The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 39,399,041.

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 / Jordan McCulla / Olivia Lucas

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.




 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 
 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 
       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) Price(s)   Volume(s) 
             0.5p       2,563 
            b) Price(s)   Volume(s) 
             1,350p     2,563 
 d)    Aggregated information: 
        a) n/a - Single transaction 
        b) n/a - Single transaction 
 e)        Date of the transaction(s): 
            a) 16 February 2022 
            b) 16 February 2022 
 f)        Place of the transaction: 
            a) Outside a trading venue 
            b) London Stock Exchange 

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(END) Dow Jones Newswires

February 18, 2022 13:31 ET (18:31 GMT)

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