Exercise of Options, Director/PDMR Shareholding
Frontier Developments plc announced that Chief Financial Officer Alex Bevis exercised options on 5,084 ordinary shares at 354 pence per share and subsequently sold these shares for 403.68 pence each on June 23, 2026. These transactions were fulfilled using existing shares from the Employee Benefit Trust, avoiding new share issuance and shareholder dilution. Following these trades, Mr. Bevis's beneficial shareholding remains at 50,000 ordinary shares, representing approximately 0.14% of the company's total voting rights, while he still holds 309,822 ordinary shares under option.
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Frontier Developments plc (AIM: FDEV, 'Frontier', the 'Group' or the 'Company'), a leading Cambridge-based developer and publisher of video games, announces share transactions for Alex Bevis, Chief Financial Officer and Executive Director.
On 23 June 2026, Mr Bevis exercised options over 5,084 ordinary shares of 0.5 pence each in the Company ('Ordinary Shares') under Frontier's all-staff Sharesave Plan at an exercise price of 354 pence per Ordinary Share. Following the exercise, Mr Bevis sold the resulting 5,084 Ordinary Shares on 23 June 2026 at a price of 403.68 pence per Ordinary Share.
The Company confirms that this share option exercise has been satisfied through the transfer of existing ordinary shares held by its Employee Benefit Trust ("EBT"). Utilising shares held in the EBT allows the Company to fulfil its obligations arising from option exercises without issuing new shares, thereby minimising dilution for existing shareholders.
Following these transactions, Mr Bevis holds 309,822 Ordinary Shares under option and his beneficial shareholding remains unchanged at 50,000 Ordinary Shares, representing approximately 0.14% of the Company's total voting rights.
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 | 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 Identification code | Ordinary shares of 0.5p each ISIN: GB00BBT32N39 |
| b) | Nature of the transaction | a) Exercise of Options b) Disposal of Ordinary Shares |
| c) | Price(s) and volume(s) | a) Exercise Price(s) Volume(s) 354p 5,084 b) Sale Price(s) Volume(s) 403.68p 5,084 |
| d) | Aggregated information - Aggregated volume - Price | a) N/A - single transaction b) N/A - single transaction |
| e) | Date of the transaction(s) | 23 June 2026 |
| f) | Place of the transaction(s) | a) Outside a trading venue b) London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.