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
