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FDEV Frontier Developments Plc

209.00
3.50 (1.70%)
Last Updated: 16:13:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frontier Developments Plc LSE:FDEV London Ordinary Share GB00BBT32N39 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 1.70% 209.00 208.00 210.50 210.00 204.00 210.00 66,673 16:13:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 104.58M -20.91M -0.5303 -3.90 81.61M

Frontier Developments PLC Option grants/ PDMR Dealings (5533P)

19/10/2021 12:32pm

UK Regulatory


Frontier Developments (LSE:FDEV)
Historical Stock Chart


From Apr 2021 to Apr 2024

Click Here for more Frontier Developments Charts.

TIDMFDEV

RNS Number : 5533P

Frontier Developments PLC

19 October 2021

19 October 2021

Frontier Developments plc

Option grants/ PDMR Dealings

On 15 October 2021, Frontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading developer and publisher of videogames based in Cambridge, UK , granted a total of 34,292 options over Ordinary Shares of 0.5p each in the Company ("Ordinary Shares") under the existing Long Term Incentive Plan ("LTIP") and the Company Share Option Plan ("CSOP) to the 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 exercise price of the Options under the CSOP is the market value of the Ordinary Shares at grant date, being 2,540p.

The Options under the LTIP are due to vest in three years subject to achieving certain Total Shareholder Return performance targets over the three year vesting period. The calculation method and performance conditions of these awards are consistent with the awards issued to each Executive Director in 2017, 2018, 2019 and 2020.

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         Position                Number of        Number of       Total number 
  Director                                LTIP options     CSOP options    of share options 
                                          granted          granted on      held under 
                                          on 15 October    15 October      all schemes 
                                          2021             2021            following 
                                                                           the grants 
                                                                           on 15 October 
                                                                           2021 
                 Chief Executive 
 David Braben     Officer                10,910           -               386,275 
                ----------------------  ---------------  --------------  ------------------ 
 Jonathan        Chief Creative 
  Watts           Officer                10,510           1,181           157,925 
                ----------------------  ---------------  --------------  ------------------ 
                 Chief Financial 
                  Officer and Company 
 Alex Bevis       Secretary              10,510           1,181           160,649 
                ----------------------  ---------------  --------------  ------------------ 
 

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 / David Allchurch

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 
     --------------------------------------------------------------------- 
 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)   Nature of the transaction: Grant of 10,910 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 3 years (based on TSR 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       10,910 
                  ---------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         N/A - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 15 October 2021 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: Outside a trading venue 
     --------------------------------------------------------------------- 
 
 
   1.   Details of the person discharging managerial responsibilities/person 
         closely associated 
   a)   Name: Jonathan Watts 
       --------------------------------------------------------------------- 
   2.   Reason for the notification 
       --------------------------------------------------------------------- 
   a)   Position/status: Chief Creative 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 10,510 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 3 years (based on TSR 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       10,510 
                    ---------- 
       --------------------------------------------------------------------- 
   d)     Aggregated information: 
           N/A - Single transaction 
       --------------------------------------------------------------------- 
   e)   Date of the transaction: 15 October 2021 
       --------------------------------------------------------------------- 
   f)   Place of the transaction: Outside a trading venue 
       --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Jonathan Watts 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Chief Creative 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 1,181 options over 
       ordinary shares of 0.5 pence each with an exercise 
       price of 2,540 pence per share. The Options are due 
       to vest after 3 years and must be exercised within 
       10 years from the date of award. 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s) 
        2,540p     1,181 
                  ---------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         N/A - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 15 October 2021 
     --------------------------------------------------------------------- 
 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: CFO and Company Secretary 
       --------------------------------------------------------------------- 
   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 10,510 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 3 years (based on TSR 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       10,510 
                    ---------- 
       --------------------------------------------------------------------- 
   d)     Aggregated information: 
           N/A - Single transaction 
       --------------------------------------------------------------------- 
   e)   Date of the transaction: 15 October 2021 
       --------------------------------------------------------------------- 
   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: CFO and Company Secretary 
     --------------------------------------------------------------------- 
 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 1,181 options over 
       ordinary shares of 0.5 pence each with an exercise 
       price of 2,540 pence per share. The Options are due 
       to vest after 3 years and must be exercised within 
       10 years from the date of award. 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s) 
        2,540p     1,181 
                  ---------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         N/A - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 15 October 2021 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: Outside a trading venue 
     --------------------------------------------------------------------- 
 

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END

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October 19, 2021 07:32 ET (11:32 GMT)

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