REG - Frontier Developmnts - Launch of on-market Share Buyback Programme

Frontier DevelopmentsAnnouncement

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RNS Number : 4341U  Frontier Developments PLC  26 February 2026

26 February 2026

Frontier Developments plc

 

 Launch of on-market Share Buyback Programme

 

Frontier Developments plc (AIM: FDEV, 'Frontier', the 'Company' or the
'Group'), a leading developer and publisher of video games based in Cambridge,
UK, announces today its intention to commence an on-market share buyback
programme, (the 'Buyback'), to purchase up to 1,429,327 ordinary shares of 0.5
pence each in the Company ("Ordinary Shares"). The Buyback will begin with
immediate effect.

 

The Buyback, which follows from the completion of an on-market buyback of £10
million in October 2025, reflects the Company's substantial cash generation in
the financial year and current financial position, as well as the Board's
confidence in Frontier's creative management simulation (CMS) game focussed
strategy and future prospects.

 

The Company considers share buyback programmes to be a part of its capital
allocation strategy and an important component of shareholder returns,
enhancing return on equity and increasing earnings per share through the
return of surplus capital. Future buyback programmes will remain subject to
Frontier's ongoing financial performance and capital requirements.

 

Details of the Buyback

 

Frontier has appointed Peel Hunt LLP ('Peel Hunt') to execute the Buyback.
Under the terms of the engagement, Peel Hunt will act as riskless principal
and will independently determine the timing and pricing of purchases within
the parameters of the Buyback and without influence from the Company.

 

The Company has authorised the Buyback to continue until the earlier of: (i)
1,429,327 Ordinary Shares are repurchased, being the balance remaining from
the shareholder approved waiver under Rule 9 of the City Code on Takeovers and
Mergers at the Company's General Meeting held on 27 June 2025 ("Rule 9
Waiver"),  (ii) the aggregate consideration payable by the Company has
reached £8 million (this threshold having been set by the Board of Directors
of the Company), or (iii) 27 June 2026, being the expiry of the Rule 9 Waiver
and the share purchase authority.

 

Any purchase of Ordinary Shares under the Buyback will take place in open
market transactions and may be undertaken from time to time depending on
market conditions, share price and trading volumes.

 

The Buyback will be carried out under the general authority granted by
shareholders at the 2025 AGM and conducted in accordance with Regulation (EU)
No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052, in each
case as incorporated into UK domestic law pursuant to the European Union
(Withdrawal) Act 2018. However, on any given trading day the Buyback may
exceed 25 per cent of the average daily trading volume of the Shares.
Accordingly, the Company may not benefit from the exemption contained in
Article 5(1) of Regulation (EU) 596/2014.

 

David Braben's participation

 

In conjunction with the Buyback, and in line with the previous Buyback
programme, David Braben, President and Founder, has informed the Company that
he intends to sell a number of Ordinary Shares into the Buyback such that the
percentage of shares, in which he and persons acting in concert with him are
interested, will remain unchanged following completion of the Buyback. Mr
Braben has therefore provided an irrevocable instruction to this effect to
Peel Hunt. Mr Braben currently controls 32.6% of the Company's voting rights,
including Ordinary Shares held by his spouse.

 

Further information

 

The Company will announce any Ordinary Share purchases made under the Buyback
no later than the business day following the calendar day on which the
purchase occurs. There is no certainty that the Buyback will be implemented in
full or that any Ordinary Shares will be repurchased. As at the date of this
announcement, the Company has 39,478,535 Ordinary Shares in issue, of which
36,960,008 carry voting rights, following the deduction of shares held in
treasury.

 

Enquiries:

 

Frontier Developments

IR@frontier.co.uk

+44 (0)1223 394300

 

Peel Hunt - Nomad and Corporate Broker

Neil Patel / Ben Cryer / Kate
Bannatyne

+44 (0)20 7418 8900

 

 

About Frontier Developments plc

Frontier Developments plc is a leading independent developer and publisher of
video games, specialising in creative management simulation (CMS) experiences.
Headquartered in Cambridge, UK, Frontier develops and nurtures globally
successful game franchises, including core CMS franchises such as Planet
Coaster, Planet Zoo, and Jurassic World Evolution, using its proprietary COBRA
technology. The CMS genre underpins Frontier's strategy, which is driving
long-term and sustainable growth through strong player engagement, robust
back-catalogue performance, and an exciting pipeline of new games.

 

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk (http://www.frontier.co.uk/)

 

 

 

 

 

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