Hornby PLC Directorate Change (1332T)
16 July 2020 - 4:05PM
UK Regulatory
TIDMHRN
RNS Number : 1332T
Hornby PLC
16 July 2020
16 July 2020
Board Changes
Hornby Plc ("Hornby", the "Company" or the "Group"), the
international models and collectibles group, today announces the
following changes to the Company's Board of Directors.
Following the recent strategy review and the successful
completion of the re nancing in March 2020, it has been agreed that
James Wilson will leave his role as a Non-Executive Director of
Hornby Plc. James has decided now is the right time to hand over
responsibilities as the commitments increase to his other Board
appointment and The Huginn Fund.
The Group is pleased to announce that Dan Carter will join the
Board as an Independent Non-Executive Director. Dan, aged 25, is
currently an analyst at Phoenix Asset Management and does not hold
any other directorships. Dan holds no shares in the Company but has
an interest in the Aurora Investment Trust which owns 14.2% of the
ordinary shares of the Company. Accordingly, Dan has an indirect
beneficial interest in the ordinary shares of the Company. Dan
acquired his interest in the Aurora Investment Trust on the same
terms as any other investor and does not control how the shares in
the Company, owned by the Aurora Investment Trust, are voted.
John Stansfield, Non-Executive Chairman, commented.
"The Board would like to thank James Wilson for his contribution
to the Group over the past three years during a period of signi
cant change for the business, of which he was instrumental. James
leaves Hornby with our very best wishes for the future.
The Board is delighted to welcome Dan to the Board and look
forward to his contribution to the next stage of the turnaround
process."
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies.
-ends-
Enquiries:
Hornby plc
Lyndon Davies, CEO 01843 233 500
Kirstie Gould, CFO
Liberum Capital Limited, Nominated Advisor and Broker
Andrew Godber 020 3100 2222
Edward Thomas
Financial PR Advisor
Scott Fulton 07788 144993
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END
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