FDEV.L

Frontier Developments Plc
Frontier Developmnts - Share Options and Director/PDMR Dealings
15th October 2024, 10:29
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2699I
Frontier Developments PLC
15 October 2024
 

15 October 2024

Frontier Developments plc

Share Options and Director/PDMR Dealings

Frontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading developer and publisher of video games based in Cambridge, UK, confirms the vesting outcomes for LTIP (Long Term Incentive Plan) share options over Ordinary Shares of 0.5p each in the Company ('Ordinary Shares') which were awarded to Executive Directors on 15 October 2021 (the 'Share Options').

The Share Options were awarded with a three-year vesting period and they included performance conditions with an element based on share price growth over that period. As a result of the decline in the Company's share price during the vesting period, the performance conditions for the Share Options were not met, resulting in lapses.

The number of Share Options lapsing on 15 October 2024 for each Executive Director is set out below, along with the total number of share options held under all schemes by each Executive Director after the lapses.

Name of Director

Position

Number of LTIP Share Options lapsing on 15 October 2024

Total number of share options held under all schemes following the lapses on 15 October 2024

Jonathan Watts

Chief Executive Officer

10,510

176,502

David Braben

President & Founder

10,910

83,374

Alex Bevis

Chief Financial Officer

10,510

162,320

James Dixon

Chief Operating Officer

1,682

42,627

 

Enquiries:

 

Frontier Developments   +44 (0)1223 394 300

Jonny Watts, CEO

Alex Bevis, CFO 

 

Peel Hunt - Nomad and Joint Corporate Broker   +44 (0)20 7418 8900

Neil Patel / Ben Cryer / Kate Bannatyne

 

Panmure Liberum - Joint Corporate Broker   +44 (0)20 3100 2000

Max Jones / Matt Hogg / Nikhil Varghese

      

Teneo   +44 (0)20 7353 4200

Matt Low / Arthur Rogers

 

About Frontier Developments plc

Frontier is a leading independent developer and publisher of video games 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 video game consoles.

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: 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)

Lapse of Options awarded under the Company's LTIP

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 2024

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 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)

Lapse of Options awarded under the Company's LTIP

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 2024

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)

Lapse of Options awarded under the Company's LTIP

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 2024

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)

Lapse of Options awarded under the Company's LTIP

c)

Price(s) and volume(s):

Price(s)

Volume(s)

0.5p

1,682

 

d)

Aggregated information:

N/A - Single transaction

 

e)

Date of the transaction:  15 October 2024

f)

Place of the transaction: Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHMABMTMTTBBPI]]>
TwitterFacebookLinkedIn