Treasury Shares Cancellation & Total Voting Rights
Frontier Developments plc has cancelled 3,947,854 ordinary shares previously held in treasury, simplifying its capital structure and providing shareholders with greater certainty regarding buyback programmes. Following this cancellation, the company's issued ordinary share capital now comprises 35,530,681 ordinary shares, with no shares held in treasury. Consequently, the total number of voting rights in the company stands at 35,530,681, which shareholders can use as a denominator for calculating their notification requirements under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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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 that it has cancelled 3,947,854 ordinary shares of 0.5 pence each ('Ordinary Shares') previously held in treasury.
The Board believes that cancellation simplifies the Company's capital structure and provides shareholders with greater certainty regarding the long-term benefits of buyback programmes.
Following the cancellation, the Company's issued ordinary share capital comprises 35,530,681 Ordinary Shares and no Ordinary Shares are held in treasury. Accordingly, the total number of voting rights in the Company is 35,530,681. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company's share capital under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.