REG - Hornby PLC - Mike Ashley and Hornby PLC

HornbyAnnouncement

20/03/2024 07:00

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RNS Number : 5010H  Hornby PLC  20 March 2024

 

20(th) March 2024

Hornby Plc

("Hornby" or the "Group")

Mike Ashley and Hornby PLC

 

Further to the announcement dated 23 February 2024 giving details of Frasers
Group plc ("Frasers") as a strategic shareholder, Mike Ashley has entered into
a consultancy agreement with Hornby through Mash Holdings Ltd (a company
wholly owned by Mike Ashley). Mike will be available to support Olly Raeburn,
CEO of Hornby, and the wider business, particularly in relation to systems,
operations, logistics and, where relevant, broader matters of strategy.

 

This approach is aligned to Fraser Group's policy of partnering with strategic
investments in order to add value for the respective shareholders of Hornby
and Fraser Group. No remuneration is payable to Mash by Frasers or Hornby for
these consultancy services.

 

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

 

 ENDS 

 

 

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