Corporate Governance & Advisors

Company

We take our governance responsibilities seriously and devote appropriate time and effort to ensure that Frontier is run on a responsible and considerate basis, with a focus on long-term sustainable success. As part of our approach to governance, we endeavour to take into account all of our key stakeholders and consider our influence within the games industry and our impact on wider society.

Frontier has followed the Quoted Companies Alliance Corporate Governance Code for Small and Mid-Sized Companies (the ‘QCA Code’) since 2018, refining the Company’s corporate governance arrangements in order to follow the ten principles of the QCA Code. In 2024 we reviewed and refined our governance arrangements in response to the 2023 update to the QCA Code.

This Annual Report provides insights into the Company’s ongoing engagement with the QCA Code, reflecting its dedication to maintaining high standards of corporate governance. Frontier’s alignment with the QCA Code underscores our commitment to transparency, accountability and effective management, which are crucial to ensure effective engagement with shareholders and the wider stakeholder community, as well as supporting long-term success.

The AIM Rules changed in 2018 and as a result the Board refined the Company’s corporate governance arrangements in order to follow the 10 principles of the QCA Corporate Governance Code

The Annual Report for 2025 is available here. The table below sets out the ten principles of the QCA Code and provides direction to the relevant section(s) in the Annual Report for each principle.

	QCA Code principle	Relevant section(s) of the Annual Report
1	A strategy and business model for long-term value creation	CEO’s Statement (pages 05–06) Strategic Report (pages 01–27)
2	Understand and meet shareholder needs and expectations	Investor relations – Corporate Governance Report (page 38) S172 Statement (pages 17–19)
3	Understand and meet wider stakeholder needs and social responsibilities	Strategy and business model – Strategic Report (pages 12–13) Corporate culture and social responsibility – Corporate Governance Report (page 38) Our People (page 14-16) Our Impact (page 21) S172 Statement (pages 17–19)
4	Embedded risk management	Strategy and business model – Strategic Report (pages 12–13) Principal risks and uncertainties (pages 22–27) Internal control and business risk – Corporate Governance Report (page 38)
5	A well-functioning and balanced Board	Board of Directors (page 28) Board overview – Corporate Governance Report (page 36)
6	Board experience, skills and capabilities	Board of Directors (page 28) Board overview – Corporate Governance Report (page 36)
7	Performance of the Board and continuous improvement	Board overview – Corporate Governance Report (page 36)
8	Corporate culture based on ethical values and behaviours	Corporate culture and social responsibility – Corporate Governance Report (page 38)
9	Effective governance structures which support good decision making	Chairman’s introduction and summary – Corporate Governance Report (page 35) Board overview – Corporate Governance Report (page 36) Board Committee reports – Corporate Governance Report (pages 36–37)
10	Communication of Company governance and performance	Chairman’s introduction and summary – Corporate Governance Report (page 37) Board Committee reports – Corporate Governance Report (pages 36–37)

Advisors

Auditor

Ernst & Young LLP, One Cambridge Square, Cambridge North, Cambridge, CB4 0AE
Tel: +44 (0)1223 394 400
Web: www.ey.com

Joint Corporate Broker and Nominated Advisor

Peel Hunt, 7th Floor, 100 Liverpool Street, London, EC2M 2AT
Tel: +44 (0)20 7418 8900
Web: www.peelhunt.com

Joint Corporate Broker

Panmure Liberum Limited, Ropemaker Place, Level 12, 25 Ropemaker Street, London EC2Y 9LY
Tel:+44 (0)20 3100 2000
Web: www.panmureliberum.com

Legal Advisors

Bird & Bird LLP, 12 New Fetter Lane, London, EC4A 1JP
Tel: +44 (0)20 7415 6000
www.twobirds.com

Registrar

Link Group, 10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL
Tel: +44 (0)871 664 0300
www.linkassetservices.com

We take our governance responsibilities seriously and devote appropriate time and effort to ensure that Frontier is run on a responsible and considerate basis.