REG - Hornby PLC - Issue of Equity

HornbyAnnouncement

25/11/2024 10:00

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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

                                                                   Ordinary Shares of Hornby PLC

      Identification code

                                                                   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

                                                                   5

      -Price

                                                                   £0.22
 e)   Date of the transaction                                      25/11/24

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

 

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

 

 

 

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