16 July 2020
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 reﬁnancing 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 signiﬁcant 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.
Lyndon Davies, CEO 01843 233 500
Kirstie Gould, CFO
Liberum Capital Limited, Nominated Advisor and Broker
Andrew Godber 020 3100 2222
Financial PR Advisor
Scott Fulton 07788 144993