Frontier Developments PLC Share Options and Director/PDMR Dealings (7712B)
05 Octubre 2022 - 1:00AM
UK Regulatory
TIDMFDEV
RNS Number : 7712B
Frontier Developments PLC
05 October 2022
5 October 2022
Frontier Developments plc
Share Options and Director/PDMR Dealings
Frontier Developments plc (AIM: FDEV, 'Frontier' or the
'Company'), a leading developer and publisher of videogames based
in Cambridge, UK , confirms the vesting outcomes for LTIP (Long
Term Incentive Plan) share options over Ordinary Shares of 0.5p
each in the Company ("Ordinary Shares") which were awarded to
Executive Directors on 4 October 2019 (the "Share Options").
The Share Options were awarded with a three-year vesting period
and they included performance conditions with an element based on
share price growth over that period. The annualised growth rate in
Frontier's share price over the three years was 8%, which resulted
in a partial vesting of the Share Options, with an element of the
Share Options lapsing on 4 October 2022.
The number of Share Options granted on 4 October 2019 and
lapsing on 4 October 2022 for each Executive Director is set out
below, along with the total number of share options held under all
schemes by each Executive Director after the lapses.
Name of Director Position Number of Number of Total number
LTIP options LTIP options of share options
granted on lapsing on held under
4 October 4 October all schemes
2019 2022 following
the lapses
on 4 October
2022
Chief Executive
Jonathan Watts Officer 21,449 13,157 (61%) 143,856
----------------- -------------- -------------- ------------------
President
David Braben & Founder 21,449 13,157 (61%) 373,118
----------------- -------------- -------------- ------------------
Chief Financial
Alex Bevis Officer 21,449 13,157 (61%) 146,580
----------------- -------------- -------------- ------------------
Chief Operating
James Dixon Officer 4,147 1,271 (31%) 17,145
----------------- -------------- -------------- ------------------
Enquiries :
Frontier Developments +44 (0)1223 394 300
Jonny Watts, 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 / Mark Burgess / Alex Dart
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
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a) Position/status: President and Founder
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b) Initial notification/Amendment: Initial Notification
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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) Lapse of Options awarded under the Company's LTIP
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.5p 13,157
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 October 2022
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f) Place of the transaction: Outside a trading venue
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jonathan Watts
---------------------------------------------------------------------
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) Lapse of Options awarded under the Company's LTIP
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.5p 13,157
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 October 2022
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alexander Bevis
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Financial 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) Lapse of Options awarded under the Company's LTIP
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.5p 13,157
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 October 2022
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: James Dixon
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Operating 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) Lapse of Options awarded under the Company's LTIP
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.5p 1,271
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 October 2022
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
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END
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(END) Dow Jones Newswires
October 05, 2022 02:00 ET (06:00 GMT)
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