Frontier Developments PLC EBT Share Purchase (8452A)

TIDMFDEV

RNS Number : 8452A

Frontier Developments PLC

26 May 2023

26 May 2023

Frontier Developments plc

EBT Share Purchase

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") was notified on 25 May 2023, by Ocorian Limited, the trustee of the Frontier Developments plc Employee Benefit Trust (the "EBT"), that the EBT had purchased 301,735 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 591 pence per Ordinary Share on 25 May 2023. 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 880,262 Ordinary Shares are held by the EBT, representing approximately 2.23 per cent of the Company's total voting rights.

Enquiries :

Frontier Developments [phone]

Jonny Watts, CEO

Alex Bevis, CFO

   Peel Hunt - Nomad and Joint Corporate Broker                      [phone] 

Paul Gillam / Tom Ballard / James Smith

   Liberum - Joint Corporate Broker                                               [phone] 

Andrew Godber / Nikhil Varghese

Teneo [phone]

Mark Burgess / Matt Low / 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

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May 26, 2023 07:38 ET (11:38 GMT)