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Hornby PLC announced on 7 February 2023 an update regarding CEO Oliver Raeburn's past directorships. Mr. Raeburn was a director of Aspen Phoenix Newco Limited from 15 December 2021 to 23 December 2022, which entered administration on 31 January 2023. He also served as a director of Paperchase Products Limited from 1 October 2020 to 10 June 2021; this company entered administration on 10 June 2021 and filed for dissolution on 1 February 2023, confirming approximately £19.3m owed to unsecured creditors.
| Date | 7 Feb 2023 |
| Time | 12:11:06 |
| Category | Miscellaneous |
| ID | 1947P |
7 February 2023
HORNBY PLC
("Hornby" or the "Company")
AIM Rule 17 Schedule 2(g) Update
Hornby PLC announces the following information relating to directors' disclosure under Schedule 2 paragraph (g) of the AIM Rules for Companies.
Oliver Raeburn, Chief Executive Officer of the Company, was a director of Aspen Phoenix Newco Limited which traded as Paperchase, from 15 December 2021 to 23 December 2022. This company has been placed into administration, with administrators appointed on 31 January 2023.
Oliver Raeburn was a director of Paperchase Products Limited from 1 October 2020 to 10 June 2021 when this company entered administration. On 1 February 2023, this company filed a notice to move from administration to dissolution confirming approximately £19.3m of outstanding amounts owed to unsecured creditors.