Frontier Developments PLC EBT Dealings (0195J)
June 23 2017 - 6:08AM
UK Regulatory
TIDMFDEV
RNS Number : 0195J
Frontier Developments PLC
23 June 2017
23 June 2017
Frontier Developments plc
(the "Company")
EBT Dealings
Frontier Developments plc (AIM: FDEV, "Frontier", the
"Company"), a leading developer of video games, announces the
following dealings:
Employee Benefit Trust Dealings
Yesterday the Company was notified by Estera Trust (Jersey)
Limited, the trustee of the Frontier Developments plc Employee
Share Ownership Plan Trust (the "EBT"), that the EBT transferred
10,600 ordinary shares of 0.5 pence in the Company ("Shares") to
meet employee share option awards at an average exercise price of
224.5 pence per Share.
Following this exercise of options, 10,600 Shares were
repurchased by the EBT at 417.5 pence per Share.
Following this transaction, the EBT is interested in 104,645
Shares, representing 0.3 per cent of the Company's total issued
share capital.
The EBT is a discretionary trust for the benefit of employees of
the Company and its subsidiaries, who have been granted share
options. The Executive Directors of the Company are included in the
class of potential beneficiaries of the EBT and are deemed to be
interested in those shares and the dealings thereof.
Enquiries:
+44 (0)1223 394
Frontier Developments 300
David Braben, CEO
David Walsh, COO
Alex Bevis, CFO
+44 (0)20 7260
Numis - Nomad and Joint Broker 1000
Simon Willis / Jamie Lillywhite(Nomad)
/ Toby Adcock
+44 (0) 207 220
Finncap 0500
Matt Goode/Giles Rolls
+44 (0) 207 353
Tulchan Communications 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
This information is provided by RNS
The company news service from the London Stock Exchange
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