Directorate Change

RNS Number : 7656I
Hornby PLC
21 June 2017

Hornby plc

("Hornby" or the "Group")


21 June 2017


Chairman Resignation


Hornby Plc, the international hobby products group, announces that Roger Canham, Executive Chairman, has resigned from the Board with immediate effect.

This follows the announcement today by Phoenix UK Fund Limited that it has acquired 17,641,161 Hornby shares and consequently the Phoenix Concert Party owns 55.217% of Hornby's issued equity. As a result, under Rule 9 of The Takeover Code, Phoenix UK Fund is required to make a mandatory cash offer for the Group. Roger Canham is a director of Phoenix Asset Management Partners which forms part of the Phoenix Concert Party.

For further information, contact:

Hornby Plc

01843 233500

Steve Cooke, Chief Executive

David Mulligan, Group Finance Director

Numis Securities Limited

020 7260 1000

Oliver Cardigan (Nomad)

Paul Gillam

Tom Ballard

Capital Access Group

020 3763 3400

Scott Fulton


This information is provided by RNS
The company news service from the London Stock Exchange


Hornby (HRN)
UK 100

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