(Sharecast News) - Frontier Developments revealed on Wednesday that president and founder David Braben had sold 8,000 ordinary shares in the London-listed video game developer.

Braben, who founded Frontier Developments in 1994, disposed of the shares on Tuesday at an average price of 375.00p each, for a total value of £30,000.

Frontier Developments noted that the sale was in line with details set out in the launch of Frontier's share buyback programme earlier in July.

As of 1520 BST, Frontier shares were down 1.59% at 367.56p.

Reporting by Iain Gilbert at Sharecast.com

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Top Director Sells

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Frontier Developments (FDEV)

Director name: Braben ,David John

Amount sold: 8,000 @ 375.00p

Value: £30,000.00