Business
Sharesave Option Grants / PDMR Dealings
Sharesave Option Grants / PDMR Dealings.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n \nRNS Number : 1101U Frontier Developments PLC 19 October 2017 \n\n19 October 2017\nFrontier Developments plc\n \nSharesave Option Grants / PDMR Dealings\n \nIn October 2017 Frontier Developments plc (the \"Company\") established an all-staff Sharesave equity plan (the \"Plan\"), which Directors are also entitled to participate in. The Plan is approved by HMRC and consists of a three year savings contract linked to a share option grant. The four Executive Directors have all committed to the Plan and, as a result, options over 1,890 ordinary shares of 0.5 pence each (\"Ordinary Shares\") with an exercise price of 952 pence per Ordinary Share (the \"Options\") were granted to each Executive Director on 6 October 2017. The Options are due to vest on 1 November 2020, after which they must be exercised within 6 months.\n \nFollowing these grants, the number of Ordinary Shares held under option by each of the Executive Directors is as follows: \n \n\n\n\n\nName of Director\n\n\nPosition\n\n\nNumber of Options granted on 6 October 2017\n\n\nTotal Number of Options held\n\n\n\n\nDavid Braben\n\n\nChief Executive Officer\n\n\n1,890\n\n\n309,279\n\n\n\n\nDavid Walsh\n\n\nChief Operating Officer\n\n\n1,890\n\n\n9,279\n\n\n\n\nJonathan Watts\n\n\nChief Creative officer\n\n\n1,890\n\n\n69,279\n\n\n\n\nAlex Bevis\n\n\nChief Financial Officer and Company Secretary\n\n\n1,890\n\n\n309,279\n\n\n\n\n \nEnquiries:\n \n Frontier Developments +44 (0)1223 394 300\nDavid Braben, CEO\nDavid Walsh, COO\nAlex Bevis, CFO &nb...