Hornby PLC HORNBY PLC WELCOMES FRASERS GROUP

RNS Number : 2585E

Hornby PLC

23 February 2024

 

23 February 2024

 

Hornby Plc

("Hornby" or the "Group")

 

 HORNBY PLC WELCOME FRASERS GROUP AS STRATEGIC SHAREHOLDER

 

Hornby Plc ("Hornby"), the international models and collectibles Group, announces that Frasers Group plc ("Frasers") has acquired 11,107,575 issued shares, taking their total holdings to 15,179,424 issued shares, or 8.9% of Hornby.

 

Chris Wootton, CFO of Frasers Group, said: "Frasers Group has a vision to build the planet's most admired and compelling brand ecosystem. Hornby's portfolio of unique heritage brands are already part of GAME's product offer and we look forward to exploring opportunities to further leverage our scale in retail logistics and distribution. This is consistent with our strategy of pursuing strategic interests to enhance value for all stakeholders."

 

Olly Raeburn, CEO of Hornby, said: "Frasers Group has built a powerful ecosystem through its brand partners, scaled shared services, and distribution channels. We have long admired their approach to merchandising and logistics and welcome them as a supportive shareholder. We look forward to exploring commercial opportunities in working together to unlock the full potential of Hornby's much loved brands."

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

Enquiries:

Hornby PLC

Oliver Raeburn, CEO              01843 233 500

Kirstie Gould, CFO   

Holly Barnett, PR                

 

Liberum Capital Limited, Nominated Advisor and Broker

Andrew Godber                      020 3100 2222

Edward Thomas

Anake Singh

  

 

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