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)
|
| ||||
| 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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