TIDMFDEV

RNS Number : 5823I

Frontier Developments PLC

19 April 2022

Frontier Developments plc

(the "Company")

EBT Share Purchase

The Company was notified on 14(th) April 2022, by Ocorian Limited, the trustee of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 151,513 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 1,372 pence per Ordinary Share on 14(th) April 2022. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded from the Company's existing cash resources.

Following this transaction, a total of 472,944 Ordinary Shares are held by the EBT, representing approximately 1.20 per cent of the Company's total voting rights.

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.

www.frontier.co.uk

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END

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(END) Dow Jones Newswires

April 19, 2022 05:08 ET (09:08 GMT)

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