Frontier Developments PLC Option grants / PDMR Dealings (4306F)
07 Noviembre 2022 - 1:00AM
UK Regulatory
TIDMFDEV
RNS Number : 4306F
Frontier Developments PLC
07 November 2022
7 November 2022
Frontier Developments plc
Option grants / PDMR Dealings
On 4 November 2022, Frontier Developments plc (AIM: FDEV,
'Frontier' or the 'Company'), a leading developer and publisher of
videogames based in Cambridge, UK , granted a total of 132,362
options over Ordinary Shares of 0.5p each in the Company ("Ordinary
Shares") under the existing Long Term Incentive Plan ("LTIP") to
the four 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. The Options under
the LTIP are due to vest in three years subject to the achievement
of certain financial performance and Total Shareholder Return
targets over the three year vesting period.
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 Total number
LTIP options of share options
granted on held under all
4 November schemes following
2022 the grants on
4 November 2022
Jonathan Watts Chief Executive Officer 47,734 191,590
------------------------- -------------- -------------------
David Braben President and Founder 30,828 403,946
------------------------- -------------- -------------------
Alexander Bevis Chief Financial Officer 30,828 177,408
------------------------- -------------- -------------------
James Dixon Chief Operating Officer 22,972 40,117
------------------------- -------------- -------------------
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: Jonathan Watts
---------------------------------------------------------------------
2. Reason for the notification
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a) Position/status: Chief Executive Officer
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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 47,734 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 three years (subject to 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 47,734
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 November 2022
---------------------------------------------------------------------
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: David Braben
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: President and Founder
---------------------------------------------------------------------
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 30,828 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 three years (subject to 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 30,828
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 November 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) Nature of the transaction: Grant of 30,828 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 three years (subject to 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 30,828
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 November 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) Nature of the transaction: Grant of 22,972 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 three years (subject to 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 22,972
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction: 4 November 2022
---------------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
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END
DSHEAKFLEANAFFA
(END) Dow Jones Newswires
November 07, 2022 02:00 ET (07:00 GMT)
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