TIDMFDEV

RNS Number : 6989L

Frontier Developments PLC

01 May 2020

Frontier Developments plc

Director/PDMR Shareholding

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 1 May 2020, Rockspring, a UK company, sold a total of 100,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") at an average price of 1,588.75 pence per Ordinary Share.

David Gammon, Frontier's Non-Executive Chairman, is a Director of Rockspring and, together with his family, was beneficially interested in these Ordinary Shares. Following this transaction, David Gammon remains beneficially interested in a total of 337,462 Ordinary Shares, representing approximately 0.9% of the Company's issued share capital.

Enquiries:

Frontier Developments +44 (0)1223 394300

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

About Frontier Developments plc

Frontier is a leading developer and publisher of 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

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 Gammon 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Non-Executive Chairman 
     --------------------------------------------------------------------- 
 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: 
       Sale of Ordinary Shares 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s)  Date of transaction 
        GBP15.75   75,000     1 May 2020 
                  ----------  ------------------- 
        GBP16.30   25,000     1 May 2020 
                  ----------  ------------------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         Aggregated volume: 100,000 
         Aggregated average price: 1,588.75p 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 1 May 2020 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange 
     ---------------------------------------------------------------------

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END

DSHKKDBQBBKDBPK

(END) Dow Jones Newswires

May 01, 2020 08:44 ET (12:44 GMT)

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