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Hornby PLC (HRN.L)

HRN.L on London Stock Exchange

20.50GBp
15 Feb 2018
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10,215
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143,207
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36.95
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19.00

Latest Key Developments (Source: Significant Developments)

Hornby ‍Says ‍CEO Lyndon Davies To Become Interim Executive Chairman
Friday, 15 Dec 2017 02:00am EST 

Dec 15 (Reuters) - Hornby Plc ::‍DAVID WILL NOW FORMALLY STEP DOWN FROM BOARD ON 31 DECEMBER 2017​.‍LYNDON DAVIES, CEO OF GROUP, WILL BECOME INTERIM EXECUTIVE CHAIRMAN AND CEO WHILE SEARCH FOR AN INDEPENDENT NON-EXECUTIVE CHAIRMAN CONTINUES​.KIRSTIE GOULD WILL JOIN BOARD AS CFO AND COMPANY SECRETARY.  Full Article

Hornby Sees FY revenue reducing year on year​
Friday, 17 Nov 2017 07:52am EST 

Nov 17 (Reuters) - HORNBY PLC ::H1 PRETAX LOSS -5.7 MILLION STG VERSUS -4.7 MILLION STG LOSS YEAR AGO.H1 REVENUE 17 MILLION STG VERSUS 21.9 MILLION STG YEAR AGO.SEES ‍FULL YEAR REVENUE REDUCING SIGNIFICANTLY YEAR ON YEAR​.‍REVENUE FOR SIX WEEKS TO 12 NOVEMBER 2017 WAS 10 PER CENT. LOWER THAN PREVIOUS YEAR​.  Full Article

Hornby announces placing and open offer to raise 12.0 mln pounds
Friday, 17 Nov 2017 07:37am EST 

Nov 17 (Reuters) - HORNBY PLC ::PROPOSES TO RAISE ANOUT £12.0 MILLION THROUGH ISSUE OF UP TO 40.7 MILLION NEW SHARES AT ISSUE PRICE OF 29.5 PENCE PER NEW SHARE​.‍LIBERUM CAPITAL LIMITED IS ACTING AS SOLE BOOKRUNNER IN RELATION TO PLACING AND OPEN OFFER​.AGREEMENT TO ACQUIRE 49 PERCENT STAKE IN LCD ENTERPRISES, HOLDING COMPANY FOR OXFORD DIECAST GROUP, FOR A CASH CONSIDERATION OF £1.6 MILLION​.  Full Article

Hornby says to no longer offer for sale large quantities of stock at a discount​
Tuesday, 17 Oct 2017 02:02am EDT 

Oct 17 (Reuters) - Hornby Plc :‍GROUP WILL NO LONGER OFFER FOR SALE LARGE QUANTITIES OF STOCK AT A DISCOUNT​.‍IT IS NOW CLEAR THAT SHORTFALL IS UNLIKELY TO BE RECOUPED IN CURRENT YEAR​.‍EXPECTED THAT REVENUE WILL BE LOWER AND, CONSEQUENTLY, THERE WILL BE A MATERIAL IMPACT ON PROFITABILITY IN CURRENT FINANCIAL YEAR​.‍DAVID ADAMS, INTERIM CHAIRMAN, HAS INDICATED TO BOARD OF HIS INTENTION TO STEP DOWN FROM BOARD TO TAKE UP ANOTHER APPOINTMENT​.‍SEARCH FOR AN INDEPENDENT NON-EXECUTIVE CHAIRMAN IS PROGRESSING​.  Full Article

Hornby appoints ‍Lyndon Charles Davies as CEO
Tuesday, 3 Oct 2017 05:54am EDT 

Oct 3 (Reuters) - Hornby Plc :APPOINTMENT OF CEO.‍LYNDON CHARLES DAVIES, AGED 56, HAS AGREED TO JOIN GROUP AS CEO​.‍LYNDON IS CHAIRMAN OF OXFORD DIECAST​.‍HORNBY IS EXPLORING OPPORTUNITY TO INVEST IN LCD. FURTHER INFORMATION WILL BE RELEASED IN DUE COURSE.​.‍AS A RESULT OF THIS APPOINTMENT, STEVE COOKE, CURRENT CEO, WILL STEP DOWN FROM BOARD WITH IMMEDIATE EFFECT​.  Full Article

Hornby ‍chief Steve Cooke to step down
Monday, 11 Sep 2017 05:01am EDT 

Sept 11 (Reuters) - Hornby Plc :STEVE COOKE WILL STEP DOWN AS CEO AT A DATE TO BE AGREED​.‍STEVE WILL REMAIN AS CEO FOR A TRANSITIONAL PERIOD AND AN ANNOUNCEMENT WILL BE MADE CONCERNING A NEW CEO IN DUE COURSE​.  Full Article

Hornby updates on Phoenix UK Fund offer for Hornby
Monday, 17 Jul 2017 02:19am EDT 

July 17 (Reuters) - Hornby Plc ::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.  Full Article

Hornby recommends shareholders reject offer by Phoenix UK Fund
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - Hornby Plc :Hornby directors "believe that offer does not reflect an adequate premium for control and significantly undervalues hornby".Hornby directors, advised by Numis Securities as to financial terms of offer, unanimously recommend that hornby shareholders reject offer.Hornby directors recommend shareholders should take no action in relation to offer; should not sign document sent by Phoenix UK Fund or advisers.  Full Article

Hornby says Phoenix UK cash offer significantly undervalues co
Monday, 26 Jun 2017 02:16am EDT 

June 26 (Reuters) - Hornby Plc ::Says board considers that mandatory cash offer of 32.375 pence per Hornby share significantly undervalues Hornby and its future prospects.Says shareholders are strongly advised to take no action for time being.  Full Article

Hornby names David Adams as interim chairman
Thursday, 22 Jun 2017 07:05am EDT 

June 22 (Reuters) - Hornby Plc ::Appointed David Adams as interim chairman of board.Board considers mandatory cash offer of 32.375 pence per hornby share "significantly undervalues Hornby and its future prospects".Board also notes Phoenix UK Fund's belief that Hornby should maintain its AIM listing.  Full Article

Toymaker Hornby warns of higher full-year loss after Christmas disappoints

Jan 25 British toymaker Hornby Plc said on Thurdsday its full-year loss would be larger-than-expected, as lower discounting of products and late deliveries in international markets pulled down sales in the key Christmas season.