REG - Frontier Developmnts - Non-Executive Director Changes

Frontier DevelopmentsAnnouncement

30/05/2023 07:15

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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                                                                         +44
(0)1223 394 300

Jonny Watts, CEO

Alex Bevis,
CFO

 

Peel Hunt - Nomad and Joint Corporate
Broker                                +44 (0)20
7418 8900

Paul Gillam / Tom Ballard / James Smith

 

Liberum - Joint Corporate
Broker
+44 (0)20 3100 2000

Andrew Godber / Nikhil Varghese

 

Teneo                                                                                                           +44
(0)20 7353 4200

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

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