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Hornby PLC (HRN.L)

HRN.L on London Stock Exchange

36.75GBp
29 Sep 2016
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Wed, Jun 22 2016

UPDATE 1-Toymaker Hornby announces turnaround plan, reports FY pretax loss

June 22 British toymaker Hornby Plc said it would decrease its product lines by 40 percent and exit a majority of its concession agreements in the UK in a turnaround plan aimed at boosting its gross margins.

Toymaker Hornby announces turnaround plan, reports FY pretax loss

June 22 British toymaker Hornby Plc said it would decrease its product lines by 40 percent and exit a majority of its concession agreements in the UK in a turnaround plan aimed at boosting its gross margins.

BRIEF-Hornby proposes to raise 8 mln stg via share issue

* Pleased to announce that it proposes to raise, in aggregate, approximately £8.0 million (before expenses) through issue of 29,629,630 new ordinary shares at an issue price of 27 pence

BRIEF-Hornby says appoints David Mulligan as interim finance director

* David will report to Steve Cooke, who was appointed to role of chief executive in april 2016, having served previously as hornby's group finance director Source text for Eikon: Further company coverage:

Toymaker Hornby appoints finance chief Steve Cooke as CEO

April 26 British toymaker Hornby Plc said it appointed Finance Director Steve Cooke as chief executive, effective immediately.

CORRECTED-BRIEF-Hornby names current Finance Director Steve Cooke as new CEO

** Appoints current group finance director Steve Cooke as its new chief executive

BRIEF-Hornby says bank has waived March covenant tests, trading inline

* Says group is engaged in constructive dialogue with Barclays bank and is pleased to announce that bank has agreed to waive March covenant tests.

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