Hornby PLC Directorate Change (1332T)

TIDMHRN

RNS Number : 1332T

Hornby PLC

16 July 2020

16 July 2020

Board Changes

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 re nancing 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 signi cant 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.

-ends-

Enquiries:

Hornby plc

   Lyndon Davies, CEO                                        01843 233 500 

Kirstie Gould, CFO

Liberum Capital Limited, Nominated Advisor and Broker

   Andrew Godber                                                 020 3100 2222 

Edward Thomas

Financial PR Advisor

   Scott Fulton                                                       07788 144993 

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July 16, 2020 02:05 ET (06:05 GMT)