HRN.L

Hornby Plc
Hornby PLC - Issue of Equity
25th November 2024, 10:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 5031N
Hornby PLC
25 November 2024
 

Hornby PLC

25 November 2024

 

 

Hornby plc

("Hornby", or the "Company" and, together with its subsidiaries, the "Group")

Director Dealing and Issue of Equity

As announced by the Company on 5 November 2024, the Company entered into a conditional agreement on that date to dispose of its wholly-owned subsidiary LCD Enterprises Limited to EKD Enterprises Limited, a company owned by Lyndon Davies and his family for an aggregate consideration of approximately £1.38 million (the "Disposal").  

As previously announced, as part of the consideration for the Disposal, the Company has agreed to acquire the 1,526,627 ordinary shares in the capital of the Company that Lyndon Davies holds (representing 0.9% of Hornby's share capital) for total consideration of approximately £1.00 (the "Buy Back"). In order to fund the Buy Back to ensure the Company has sufficient distributable reserves, Kirstie Gould, a director of the Company, has today subscribed for 5 ordinary shares of 1 pence each in the capital of the Company (the "Ordinary Shares") for a subscription price of £0.22 per share.

Application has been made for the Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 26 November 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 169,853,775 ordinary shares. All ordinary shares shall have equal voting rights and none of the ordinary shares are held in treasury. Accordingly, the figure of 169,853,775 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Kirstie Gould

2

Reason for the notification

 

a)

Position/status

 

CFO

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Hornby PLC

b)

LEI

 

549300WP2GJODSTKY488

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

 

 

 

Identification code

 

 

Ordinary Shares of Hornby PLC

 

 

 

 

 

GB00B01CZ652

b)

Nature of the transaction

 

Purchase of Ordinary Shares in Hornby PLC

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£0.22

5

 

 

 

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

 

 

5

 

£0.22

e)

Date of the transaction

 

25/11/24

f)

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

Enquiries:

Hornby PLC

Oliver Raeburn, CEO                  01843 233 500

Kirstie Gould, CFO 

Holly Barnett, PR

 

Panmure Liberum Limited, Nominated Advisor and Broker

Andrew Godber                         020 3100 2222

Edward Thomas

Ailsa Macmaster

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEVELBLZFLXFBZ]]>
TwitterFacebookLinkedIn