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Director dealings: Outgoing Frontier Developments chairman lowers stake

(Sharecast News) - Frontier Developments revealed on Monday that outgoing chairman David Gammon had disposed of 35,000 ordinary shares in the AIM-listed video games developer.

Gammon, who took over as chairman in 2012, sold the shares on Friday at an average price of 1,400.0p each, for a total value of £490,000.

Gammon remains beneficially interested in a total of 245,000 ordinary Frontier shares, representing 0.6% of the company's issued share capital.

As of 1625 GMT, Frontier Developments shares were up 1.14% at 1,414.0p.

Reporting by Iain Gilbert at Sharecast.com

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Top Director Sells

Seeing Machines Ltd. Npv (di) (SEE) Director name: Brown,Michael Amount sold: 207,208,640 @ 5.50p Value: £11,396,475.14

Frontier Developments (FDEV) Director name: Gammon,David Ranken Amount sold: 35,000 @ 1,400.00p Value: £490,000.00

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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