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Hornby PLC (HRN.L)

HRN.L on London Stock Exchange

29.25GBp
22 Sep 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
29.25
Open
30.00
Day's High
30.00
Day's Low
30.00
Volume
52,032
Avg. Vol
471,275
52-wk High
41.83
52-wk Low
26.78

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Mon, Sep 11 2017

Toymaker Hornby's CEO to step down

Sept 11 Toymaker Hornby Plc said on Monday Steve Cooke would step down as chief executive, less than a week after warning that trading for the financial year to date had been lagging the company's expectations.

BRIEF-Hornby ‍chief Steve Cooke to step down

* ‍STEVE WILL REMAIN AS CEO FOR A TRANSITIONAL PERIOD AND AN ANNOUNCEMENT WILL BE MADE CONCERNING A NEW CEO IN DUE COURSE​ Source text for Eikon: Further company coverage:

BRIEF-Hornby updates on Phoenix UK Fund offer for Hornby

* Hornby-Phoenix UK fund said as at 1.00 p.m on 14 july,phoenix received valid acceptances in respect of 13.7 million hornby shares, representing about 16.2 pct Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

BRIEF-Hornby recommends shareholders reject offer by Phoenix UK Fund

* Hornby directors "believe that offer does not reflect an adequate premium for control and significantly undervalues hornby"

Hornby says majority shareholder's offer undervalues company

June 22 Hornby Plc, the maker of Thomas & Friends model train sets, said majority shareholder Phoenix Asset Management's offer to buy the rest of the company "significantly undervalues" the British toymaker.

BRIEF-Hornby names David Adams as interim chairman

* Board considers mandatory cash offer of 32.375 pence per hornby share "significantly undervalues Hornby and its future prospects"

Phoenix proposes to buy rest of Hornby after raising stake

Phoenix Asset Management on Wednesday it would become the majority shareholder in Hornby Plc and offered to buy the rest of the company, less than three months after thwarting efforts to oust the British toymaker's chairman.

Phoenix proposes to buy rest of Hornby after raising stake

June 21 Phoenix Asset Management on Wednesday it would become the majority shareholder in Hornby Plc and offered to buy the rest of the company, less than three months after thwarting efforts to oust the British toymaker's chairman.

BRIEF-Phoenix UK Fund Ltd agrees to acquire 17.6 mln Hornby shares from New Pistoia Income Ltd

* Phoenix UK Fund unconditionally agreed to acquire 17.6 mln Hornby shares from New Pistoia Income at 32.375 pence per share

BRIEF-Hornby posts FY loss before tax of 9.5 mln pounds

* FY loss before tax of 9.5 mln stg versus loss of 13.5 mln stg year ago

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