BBGI Global Infrastructure S. A announced that Frank Schramm has announced the Board of his intention to retire, after 12 years, as Co-CEO of the Company for personal reasons. To ensure an orderly handover and seamless transition, Frank will remain in his position until 31 January 2024 and then as an advisor to the business until December 2024. The Board to confirm, effective 31 January 2024, Duncan Ball will continue in his role as sole CEO and he will continue as a member of the Management Board of the Company.

Duncan has been Co-CEO with Frank since BBGI's inception in December 2011. Frank and Duncan as Co-CEOs were both instrumental in floating the Company in 2011, leading and working together with Michael and the wider BBGI team to grow BBGI's defensive and globally diversified portfolio from 19 assets at IPO to 56 assets now, all of which are 100% availability-style critical social infrastructure investments.