HORNBY PLC

Board/Management Information • Jun 21, 2017

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RNS Number : 7656I

Hornby PLC

21 June 2017

Hornby plc

("Hornby" or the "Group")

21 June 2017

Chairman Resignation

Hornby Plc, the international hobby products group, announces that Roger Canham, Executive Chairman, has resigned from the Board with immediate effect.

This follows the announcement today by Phoenix UK Fund Limited that it has acquired 17,641,161 Hornby shares and consequently the Phoenix Concert Party owns 55.217% of Hornby's issued equity. As a result, under Rule 9 of The Takeover Code, Phoenix UK Fund is required to make a mandatory cash offer for the Group. Roger Canham is a director of Phoenix Asset Management Partners which forms part of the Phoenix Concert Party.

For further information, contact:

Hornby Plc	01843 233500
Steve Cooke, Chief Executive
David Mulligan, Group Finance Director
www.hornby.com
Numis Securities Limited	020 7260 1000
Oliver Cardigan (Nomad) Paul Gillam
Tom Ballard
Capital Access Group	020 3763 3400
Scott Fulton

This information is provided by RNS

The company news service from the London Stock Exchange

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