Business
EBT Share Purchase
EBT Share Purchase.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n\n26 May 2023\nFrontier Developments plc\n EBT Share Purchase\nFrontier Developments plc (AIM: FDEV, \"Frontier\", the \"Company\") was notified on 25 May 2023, by Ocorian Limited, the trustee of the Frontier Developments plc Employee Benefit Trust (the \"EBT\"), that the EBT had purchased 301,735 ordinary shares of 0.5p each in the Company (\"Ordinary Shares\") at an average price of 591 pence per Ordinary Share on 25 May 2023. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded from the Company's existing cash resources.\nFollowing this transaction, a total of 880,262 Ordinary Shares are held by the EBT, representing approximately 2.23 per cent of the Company's total voting rights.\n\nEnquiries:\n \nFrontier Developments +44 (0)1223 394 300\nJonny Watts, CEO\nAlex Bevis, CFO \n \nPeel Hunt - Nomad and Joint Corporate Broker +44 (0)20 7418 8900\nPaul Gillam / Tom Ballard / James Smith\n \nLiberum - Joint Corporate Broker +44 (0)20 3100 2000\nAndrew Godber / Nikhil Varghese\n \nTeneo &...