REG - Hornby PLC - HORNBY PLC WELCOMES FRASERS GROUP

HornbyAnnouncement

23/02/2024 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240223:nRSW2585Ea&default-theme=true

RNS Number : 2585E  Hornby PLC  23 February 2024

23 February 2024

 

Hornby Plc

("Hornby" or the "Group")

 

 HORNBY PLC WELCOME FRASERS GROUP AS STRATEGIC SHAREHOLDER

 

Hornby Plc ("Hornby"), the international models and collectibles Group,
announces that Frasers Group plc ("Frasers") has acquired 11,107,575 issued
shares, taking their total holdings to 15,179,424 issued shares, or 8.9% of
Hornby.

 

Chris Wootton, CFO of Frasers Group, said: "Frasers Group has a vision to
build the planet's most admired and compelling brand ecosystem. Hornby's
portfolio of unique heritage brands are already part of GAME's product offer
and we look forward to exploring opportunities to further leverage our scale
in retail logistics and distribution. This is consistent with our strategy of
pursuing strategic interests to enhance value for all stakeholders."

 

Olly Raeburn, CEO of Hornby, said: "Frasers Group has built a powerful
ecosystem through its brand partners, scaled shared services, and distribution
channels. We have long admired their approach to merchandising and logistics
and welcome them as a supportive shareholder. We look forward to exploring
commercial opportunities in working together to unlock the full potential of
Hornby's much loved brands."

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

Enquiries:

Hornby PLC

Oliver Raeburn, CEO              01843 233 500

Kirstie Gould, CFO

Holly Barnett, PR

 

Liberum Capital Limited, Nominated Advisor and Broker

Andrew Godber                      020 3100 2222

Edward Thomas

Anake Singh

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFIFEDFDIVFIS