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Hornby Plc shareholders passed all resolutions at its General Meeting on April 1, 2025, with the Cancellation and Re-registration Resolutions each receiving over 99.4% of votes cast in favour. As a result, the company's ordinary shares are expected to be cancelled from AIM trading at 7:00 a.m. on April 10, 2025, with re-registration as a private limited company expected the week commencing April 28, 2025. Hornby has also appointed JP Jenkins to provide a share exchange facility, available for one month from cancellation, followed by a matched bargain facility.
| Date | 1 Apr 2025 |
| Time | 09:33:48 |
| Category | AGMs and other meetings |
| ID | 1232D |
Hornby Plc
Result of General Meeting
Hornby plc ("Hornby", or the "Company" and, together with its subsidiaries, the "Group"), the international hobby products group, announces that, at the general meeting of the Company held earlier today (the "General Meeting"), all resolutions put to the Company's shareholders ("Shareholders") were duly passed on a poll.
Details of proxy votes received are summarised below:
|
Resolution Number |
Resolution Name |
Votes For |
Votes Against |
||
|
No. of shares |
% of shares voted |
No. of shares |
% of shares voted |
||
|
1 |
Cancellation Resolution |
155,727,098
|
99.43
|
885,732
|
0.57
|
|
2 |
Re-registration Resolution |
155,727,171
|
99.43
|
885,659
|
0.57
|
The full text of the Resolutions proposed and passed at the General Meeting can be found in the circular containing, inter alia, the Notice of General Meeting, which was published intraday on 13 March 2025 (the "Circular") and is available on the Company's website https://www.hornby.plc.uk/.
AIM Delisting
Following approval by Shareholders at the General Meeting, the admission of the ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") to trading on AIM will be cancelled (the "AIM Delisting"). The AIM Delisting is expected to take place at 7:00 a.m. on 10 April 2025 ("Cancellation") and, accordingly, the last day of dealings in Ordinary Shares on AIM is expected to be 9 April 2025.
Re-registration as a private company
In accordance with the passing of Resolution 2, the Company will re-register as a private limited company and adopt new articles of association, which is expected to take place the week commencing 28 April 2025.
Exchange Facility and Matched Bargain Facility
To facilitate future shareholder transactions in the Company's Ordinary Shares, the Company has appointed JP Jenkins to provide a share exchange facility ("Exchange Facility") and matched bargain facility ("Matched Bargain Facility"), the Exchange Facility will available upon the date of Cancellation for one month from Cancellation. The Matched Bargain Facility will be available following expiry of the Exchange Facility. Upon Cancellation, full details of the Exchange Facility and Matched Bargain Facility will be made available to Shareholders on the Company's website https://www.hornby.plc.uk/.
Capitalised terms used but not defined in this announcement shall have the same meaning given to such terms in the Circular.
Enquiries:
Hornby PLC
Kirstie Gould, CFO 01843 233 500
Caroline Merrell, PR 07852 210329
Panmure Liberum Limited, Nominated Advisor and Broker
Andrew Godber 020 3100 2222
Edward Thomas
Ailsa Macmaster