Hornby PLC Offer Update (2150L)
17 July 2017 - 4:36PM
UK Regulatory
TIDMHRN
RNS Number : 2150L
Hornby PLC
17 July 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
Hornby plc ("Hornby" or the "Company")
Response to announcement of the Results of the Unconditional
Mandatory Cash Offer for Hornby
Hornby notes the announcement made by Phoenix UK Fund Ltd
("Phoenix UK Fund") earlier today regarding the final level of
acceptances received in relation to the Offer made by Phoenix UK
Fund (the "Offer") and the fact that the Offer is now closed and is
no longer capable of acceptance.
In its announcement, Phoenix UK Fund announced that as at 1.00
p.m. (London time) on 14 July 2017, the closing date of the Offer,
Phoenix UK Fund had received valid acceptances in respect of
13,742,556 Hornby Shares, representing approximately 16.247 per
cent. of the current issued share capital of Hornby.
Accordingly, as at 1.00 p.m. (London time) on 14 July 2017, the
Phoenix Concert Party either owned, or Phoenix UK Fund had received
valid acceptances of the Offer in respect of, a total of 60,446,594
Hornby Shares, representing, in aggregate, approximately 71.464 per
cent. of the current issued share capital of Hornby.
Enquiries:
Hornby Plc 01843 233500
Steve Cooke, Chief Executive
David Mulligan, Group Finance Director
Numis Securities Limited 020 7260 1000
Oliver Cardigan (Nomad)
Stuart Ord
Paul Gillam
Tom Ballard
Capital Access Group 020 3763 3400
Scott Fulton
Important Notices Relating to Financial Adviser
Numis Securities Limited which is authorised and regulated by
the FCA is acting exclusively for Hornby plc and no-one else in
connection with the matters set out in this announcement and Numis
Securities Limited will not be responsible to anyone other than
Hornby plc for providing the protections afforded to its clients or
for providing advice in relation to any matter referred to
herein.
Additional Information
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available, subject to certain restrictions
relating to persons resident in restricted jurisdictions, at
Hornby's website at www.hornby.plc.uk and by no later than 12 noon
London time on 18 July 2017. The content of the website referred to
in this announcement is not incorporated into and does not form
part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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