Source - RNS
RNS Number : 6158M
Frontier Developments PLC
17 October 2016
 

17 October 2016

 

Frontier Developments plc

(the "Company")

 

Director / PDMR Grant of Options

Grant of Options

 

On 14 October 2016, the Company awarded to the Directors and Non-Executive Directors of the Company 85,000 share options (the "Options") and PDMR's 5,000 Share Options (the "Options"), exercisable into new ordinary shares of 0.5 pence in the Company ("Ordinary Shares") at an exercise price of 174 pence per share. The Options are subject to certain performance conditions, and will vest over a period of three years.

 

Out of the total award of 90,000 options, 25,000 have been awarded to Charles Cotton, 60,000 to Jonathan Watts and 5,000 to Amanda Alsop (a PDMR of Frontier). Following this grant, the following Options over Ordinary Shares have been granted to the non-executive directors of the Company and are outstanding:

 

Name of Director

Position

Scheme

Number of Options granted

Total number of Options

Jonathan Watts

Chief Creative officer

Company Share Option Plans

60,000

300,000

Charles Cotton

Non-Executive

Director

 

25,000

25,000

Amanda Alsop

Group Accountant (PDMR)

Company Share Option Plans

5,000

18,000

 

Enquiries:

 

Frontier Developments

+44 (0)1223 394 300

David Braben, CEO

David Walsh, COO

Neil Armstrong, CFO

 

 

 

Numis - Nomad and Joint Broker

+44 (0)20 7260 1000

Simon Willis/Jamie Lillywhite/Toby Adcock

 

 

 

Finncap

+44 (0) 207 220 0500

Matt Goode/Giles Rolls

 

 

 

Tulchan Communications

+44 (0) 207 353 4200

James Macey White/Matt Low

 

 

About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.

www.frontier.co.uk                    

 

Frontier Developments plc

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: Charles Cotton

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: n/a

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 0.05p each.

Identification code: GB00BBT32N39

b)

Nature of the transaction: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

174p 

25,000

 

d)

Aggregated information:

·      Aggregated volume: 25,000

·      Price: 174p

e)

Date of the transaction:  2016-10-14

f)

Place of the transaction: n/a

 

 

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: n/a

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 0.05p each.

Identification code: GB00BBT32N39

b)

Nature of the transaction: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

174p 

60,000

 

d)

Aggregated information:

·      Aggregated volume: 60,000

·      Price: 174p

e)

Date of the transaction:  2016-10-14

f)

Place of the transaction: n/a

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Amanda Alsop

2.

Reason for the notification

a)

Position/status: Group Accountant

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: n/a

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 0.05p each.

Identification code: GB00BBT32N39

b)

Nature of the transaction: Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

174p 

5,000

 

d)

Aggregated information:

·      Aggregated volume: 5,000

·      Price: 174p

e)

Date of the transaction:  2016-10-14

f)

Place of the transaction: n/a

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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