Frontier Developments PLC Non-Executive Director Changes (8761A)

TIDMFDEV

RNS Number : 8761A

Frontier Developments PLC

30 May 2023

Frontier Developments plc

Non-Executive Director Changes

Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer and publisher of video games based in Cambridge, announces two Board changes.

After serving almost seven years on Frontier's Board, Charles Cotton will retire from his role as Non-Executive Director on 1(st) June 2023. During his time on the Board, Charles has drawn on his extensive leadership, business and marketing experience to support Frontier's transition to self-publishing through the successful development of multiple game franchises.

Charles will be succeeded by Leslie-Ann Reed, who will join the Board as an independent Non-Executive Director and Chair of the Audit Committee on 1(st) June 2023.

Leslie-Ann has a wealth of expertise in senior financial positions, having led commercial decision-making and planning, financial reporting, risk & compliance, M&A and operational activity in the UK and international markets. She also has a range of experience in Non-Executive Director roles. Leslie-Ann is therefore fully qualified to step into the role of Chair of the Audit Committee.

Leslie-Ann's executive career includes seven years as Global CFO of Metal Bulletin, the international metals publisher, where she was responsible for finance, M&A, IT and investor relations. Prior to that Leslie-Ann held a number of internal finance and audit positions, including at Warner Inc and EMI Records, as well as CFO of Polygram Film International.

Leslie-Ann is currently Non-Executive Director and Audit Chair at Learning Technologies Group PLC, Bloomsbury Publishing PLC and Centaur Media PLC.

Following the two changes effective 1(st) June 2023, the Board will be comprised of five Non-Executive Directors and four Executive Directors:

   --    David Wilton - Non-Executive Director and Company Chair 
   --    Ilse Howling - Non-Executive Director and Remuneration Committee Chair 
   --    Leslie-Ann Reed - Non-Executive Director and Audit Committee Chair 
   --    David Walsh - Non-Executive Director and Nominations Committee Chair 
   --    James Mitchell - Non-Executive Director 
   --    Jonny Watts - Chief Executive Officer (Executive Director) 
   --    Alex Bevis - Chief Financial Officer (Executive Director) 
   --    James Dixon - Chief Operating Officer (Executive Director) 
   --    David Braben - President and Founder (Executive Director) 

David Wilton, Frontier's Chairman, commented:

"On behalf of the Board, I would like to express our gratitude to Charles for his contribution to Frontier over the last seven years. I am delighted to welcome Leslie-Ann to Frontier as Charles' successor. Leslie-Ann brings excellent financial experience in entertainment companies to our team, which will be invaluable as we navigate our path to achieve sustainable growth."

The following additional information is provided in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Leslie-Ann Reed, aged 64, has no shareholding in Frontier. Her current and previous directorships or partnerships are detailed below:

Current directorships and partnerships:

Learning Technologies Group plc

Bloomsbury Publishing plc

Centaur Media plc

Past directorships and partnerships held within the last 5 years:

Quarto Group inc (The)

Sellco UK Limited (previously known as Optionis Limited)

Zeal Network SE

Induction Healthcare Group plc

There is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Enquiries :

Frontier Developments [phone]

Jonny Watts, CEO

Alex Bevis, CFO

   Peel Hunt - Nomad and Joint Corporate Broker                                [phone] 

Paul Gillam / Tom Ballard / James Smith

Liberum - Joint Corporate Broker [phone]

Andrew Godber / Nikhil Varghese

Teneo [phone]

Mark Burgess / Matt Low / Alex Dart

About Frontier Developments plc

Frontier is a leading independent developer and publisher of videogames founded in 1994 by David Braben, co-author of the iconic Elite game. Frontier uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and videogame consoles. As well as self-publishing internally developed games, Frontier also publishes games developed by carefully selected partner studios under its Frontier Foundry games label.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk

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May 30, 2023 02:00 ET (06:00 GMT)