REG - Hornby PLC - Result of Meeting

HornbyAnnouncement

01/04/2025 09:45

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RNS Number : 1232D  Hornby PLC  01 April 2025

Hornby Plc

 

Result of General Meeting

Hornby plc ("Hornby", or the "Company" and, together with its subsidiaries,
the "Group"), the international hobby products group, announces that, at the
general meeting of the Company held earlier today (the "General Meeting"), all
resolutions put to the Company's shareholders ("Shareholders") were duly
passed on a poll.

Details of proxy votes received are summarised below:

 

 

 Resolution Number  Resolution Name             Votes For                       Votes Against
                    No. of shares                            % of shares voted  No. of shares  % of shares voted
 1                  Cancellation Resolution     155,727,098  99.43              885,732        0.57

 2                  Re-registration Resolution  155,727,171  99.43              885,659        0.57

 

The full text of the Resolutions proposed and passed at the General Meeting
can be found in the circular containing, inter alia, the Notice of General
Meeting, which was published intraday on 13 March 2025 (the "Circular") and is
available on the Company's website https://www.hornby.plc.uk/.

 

AIM Delisting

 

Following approval by Shareholders at the General Meeting, the admission of
the ordinary shares of £0.01 each in the capital of the Company ("Ordinary
Shares") to trading on AIM will be cancelled (the "AIM Delisting"). The AIM
Delisting is expected to take place at 7:00 a.m. on 10 April 2025
("Cancellation") and, accordingly, the last day of dealings in Ordinary Shares
on AIM is expected to be 9 April 2025.

 

Re-registration as a private company

 

In accordance with the passing of Resolution 2, the Company will re-register
as a private limited company and adopt new articles of association, which is
expected to take place the week commencing 28 April 2025.

 

Exchange Facility and Matched Bargain Facility

 

To facilitate future shareholder transactions in the Company's Ordinary
Shares, the Company has appointed JP Jenkins to provide a share exchange
facility ("Exchange Facility") and matched bargain facility ("Matched Bargain
Facility"), the Exchange Facility will available upon the date of Cancellation
for one month from Cancellation. The Matched Bargain Facility will be
available following expiry of the Exchange Facility. Upon Cancellation, full
details of the Exchange Facility and Matched Bargain Facility will be made
available to Shareholders on the Company's
website https://www.hornby.plc.uk/.

 

Capitalised terms used but not defined in this announcement shall have the
same meaning given to such terms in the Circular.

 

Enquiries:

 

Hornby PLC

Kirstie Gould, CFO                     01843 233 500

Caroline Merrell, PR                   07852 210329

 

Panmure Liberum Limited, Nominated Advisor and Broker

Andrew Godber                         020 3100 2222

Edward Thomas

Ailsa Macmaster

 

 

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