Board Changes

Forgent plc("Forgent" or the "Company" or the "Group")Board Changes

Forgent plc (AIM: FORG), the technology-led energy transition and natural resources platform, announces a number of Board changes as part of its ongoing efforts to streamline its cost base and continue the evolution of its governance structure.

The Company is pleased to confirm the appointment of Gerry Madden to the Board as Finance Director, with immediate effect. Gerry is already the CFO and Company Secretary and brings over 30 years of experience as a director, advisor, CEO and senior finance professional, with a strong track record at board level. His appointment is intended to further strengthen Forgent's leadership team as the Company executes its strategic plans.

As previously announced on 14th January 2026, David Palumbo, Non-Executive Chairman, had informed the Board of his intention to transition the Chairmanship to a successor. It has now been agreed that he will step down from the Board on 30 June 2026. Brian Cole, independent Non-Executive Director, will assume the role of independent Non-Executive Chairman on 1st July 2026 on an interim basis until a permanent successor is appointed as the Company seeks to strengthen independent director representation on the Board.

Brian Cole, inbound interim Non Executive Chairman commented

"On behalf of the Board, I would like to thank David for his service to the Company over a number of years. He has been involved with the business through a period of significant challenge and change, and we wish him well for the future."

Additional Information:

In accordance with Schedule 2(g) of the AIM Rules for Companies, Michael Gerard (Gerry) Madden (aged 66) is, or has been within the previous five years, a director or partner of the following companies or partnerships:

On 27 August 2014, as part of a corporate restructuring the following non trading and dormant companies, each within the Group at that time, entered into creditors' voluntary liquidation: Kedco Block Holdings Limited, Kedco Energy Limited, Kedco Fabrication Limited, Kedco Power Limited, Granig Trading Limited and Castle Homes Supplies Limited. Mr Madden was a director of each of those companies.

Mr Madden is interested in 122,628,571 ordinary shares of the Company, representing approximately 1.45% of the Company's issued share capital. He also holds 298,303,591 warrants in the Company.

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