Notice of Annual General Meeting: 2026

Frontier Developments PLC is convening its 2026 Annual General Meeting to formalize corporate governance structures and ratify strategic financial initiatives. The primary objective is to secure shareholder approval for 16 resolutions, including the adoption of fiscal year 2026 financial statements, which reflect a robust performance characterized by a 16% revenue increase to £104.8 million and a 62% surge in adjusted operating profit to £21.4 million. These results underscore the company’s operational stability as it navigates a transition period, most notably the shift of founder David Braben into a non-executive role effective October 2026.

A central component of the meeting involves managing the company’s capital structure and regulatory obligations. Shareholders are asked to authorize the allotment of equity securities and the market purchase of up to 10% of issued share capital, totaling 3,553,068 ordinary shares. Because these buybacks could inadvertently push the voting interest of the David Braben Concert Party beyond the 30% threshold, the company has obtained a conditional waiver from the Takeover Panel. This waiver exempts the concert party from mandatory takeover offer requirements under Rule 9 of the Takeover Code, a move supported by the independent directors who confirm that no changes to business strategy or management are intended.

Beyond capital management, the meeting addresses administrative adjustments to board compensation. The proposal to increase the aggregate fee cap for non-executive directors from £200,000 to £500,000 is designed to account for inflationary pressures and an expanded board size. These governance updates, paired with recent strategic developments such as the sale of publishing rights for Stranded: Alien Dawn and a new development agreement with Disney, position the company to maintain its market trajectory while ensuring regulatory compliance and leadership continuity.