Option Grants / PDMR Dealings
Frontier Developments plc announced on February 10, 2026, that it granted a total of 185,000 options under its Long Term Incentive Plan to three Executive Directors, with an exercise price of 0.5p per ordinary share. The options vest on February 10, 2029, with 50% contingent on achieving threshold revenue, profit, and shareholder return targets, and the remaining 50% vesting against stretch targets. Specifically, the Chief Executive Officer received 100,000 options, the President and Founder received 53,000 options, and the Chief Financial Officer received 32,000 options.
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On 10 February 2026, Frontier Developments plc (AIM: FDEV, 'Frontier', the 'Company', or the 'Group'), a leading developer and publisher of video games based in Cambridge, UK, granted a total of 185,000 options over Ordinary Shares of 0.5p each in the Company ('Ordinary Shares') under the existing Long Term Incentive Plan ('LTIP') to three 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 Options are due to vest on 10 February 2029, with 50% of the Options vesting subject to the achievement of threshold targets for revenue, profit and shareholder return over the three-year vesting period, and the remaining 50% vesting on a straight-line basis against stretch targets for the three performance measures.
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 Director | Position | Number of LTIP options granted on 10 February 2026 | Total number of share options held under all schemes following the grants on 10 February 2026 |
|---|---|---|---|
| Jo Cooke | Chief Executive Officer | 100,000 | 125,000 |
| David Braben | President and Founder | 53,000 | 233,960 |
| Alex Bevis | Chief Financial Officer | 32,000 | 314,906 |
| Jonny Watts | Executive Director | - | 356,635 |
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: Johanna Cooke |
| 2. | Reason for the notification |
| a) | Position/status: Chief Executive Officer |
| b) | Initial notification/Amendment: Initial Notification |
| a) | Name: Frontier Developments plc |
| b) | LEI: 213800B9LGPWUAZ9GX18 |
| 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 100,000 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 three years (subject to 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 100,000 |
| d) | Aggregated information: N/A - Single transaction |
| e) | Date of the transaction: 10 February 2026 |
| f) | Place of the transaction: Outside a trading venue |
| 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 |
| a) | Name: Frontier Developments plc |
| b) | LEI: 213800B9LGPWUAZ9GX18 |
| 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 53,000 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 three years (subject to 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 53,000 |
| d) | Aggregated information: N/A - Single transaction |
| e) | Date of the transaction: 10 February 2026 |
| 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 |
| a) | Name: Frontier Developments plc |
| b) | LEI: 213800B9LGPWUAZ9GX18 |
| 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 32,000 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 three years (subject to 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 32,000 |
| d) | Aggregated information: N/A - Single transaction |
| e) | Date of the transaction: 10 February 2026 |
| f) | Place of the transaction: Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.