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HRN Hornby Plc

33.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hornby Plc LSE:HRN London Ordinary Share GB00B01CZ652 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.00 32.00 34.00 33.00 33.00 33.00 3,364 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Dolls And Stuffed Toys 55.11M -5.92M -0.0349 -9.46 56.05M

Hornby PLC Long Term Incentive Plan (1140M)

26/07/2017 7:19am

UK Regulatory


Hornby (LSE:HRN)
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From Apr 2019 to Apr 2024

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TIDMHRN

RNS Number : 1140M

Hornby PLC

26 July 2017

HORNBY PLC

Hornby Plc ("Hornby", the "Company"), the international models and collectibles group, announces that as a result of the mandatory unconditional cash offer made for the Company on 23 June 2017 by Phoenix UK Fund Ltd ("Phoenix") (the "Offer"), the Long Term Incentive Plan ("LTIP") announced in December 2016 was triggered, resulting in the vesting of the LTIP awards on the date on which the Offer became wholly unconditional.

Accordingly, certain awards have been made to participants of the LTIP as shown below:

 
                  Number of shares   Cash settlement amount 
                   in relation to     determined by reference 
                   which the LTIP     to 32.375 pence per 
 PDMR              award vested       share 
---------------  -----------------  ------------------------- 
 Steve Cooke      222,543            GBP72,048 
 David Mulligan   62,312             GBP20,173 
 Red McKay        67,653             GBP21,902 
 

Enquiries:

 
Hornby Plc                               01843 233500 
Steve Cooke, Chief Executive 
David Mulligan, Group Finance Director 
www.hornby.com 
 
Numis Securities Limited                 020 7260 1000 
Oliver Cardigan (Nomad) 
 Paul Gillam 
Tom Ballard 
 
Capital Access Group                     020 3763 3400 
Scott Fulton 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             Steve Cooke 
---  -------------------------------  ------------------------------------ 
 2    Reason for Notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive 
---  -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------- 
 a)   Name                             Hornby Plc 
---  -------------------------------  ------------------------------------ 
 b)   LEI                              549300WP2GJODSTKY488 
---  -------------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------- 
 a)   Description of                   Cash settlement of a right 
       the financial instrument,        to otherwise receive 222,543 
       type of instrument               ordinary shares of Hornby 
       Identification                   Plc in connection with the 
       code                             exercise of a performance 
                                        share award granted under 
                                        the Hornby Plc Long Term Incentive 
                                        Plan 2016 
                                        N/A 
---  -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Cash settlement of a right 
                                        to otherwise receive 222,543 
                                        ordinary shares of Hornby 
                                        Plc in connection with the 
                                        exercise of a performance 
                                        share award granted on 20 
                                        December 2016 under the Hornby 
                                        Plc Long Term Incentive Plan 
                                        2016 following early vesting 
                                        of the performance share award 
                                        as a result of a mandatory 
                                        cash offer made by Phoenix 
                                        UK Fund Ltd to acquire the 
                                        entire issued share capital 
                                        of Hornby Plc. 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)     Volume(s) 
                                        -----------  ---------- 
                                         GBP0.3237    222,543 
                                        -----------  ---------- 
---  -------------------------------  ------------------------------------ 
 d)        Aggregated information 
             *    Aggregated volume      222,543 
                                         GBP72,048 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the transaction          21 July 2017 
---  -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             David Mulligan 
---  -------------------------------  ------------------------------------ 
 2    Reason for Notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
---  -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------- 
 a)   Name                             Hornby Plc 
---  -------------------------------  ------------------------------------ 
 b)   LEI                              549300WP2GJODSTKY488 
---  -------------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------- 
 a)   Description of                   Cash settlement of a right 
       the financial instrument,        to otherwise receive 62,312 
       type of instrument               ordinary shares of Hornby 
       Identification                   Plc in connection with the 
       code                             exercise of a performance 
                                        share award granted under 
                                        the Hornby Plc Long Term Incentive 
                                        Plan 2016 
                                        N/A 
---  -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Cash settlement of a right 
                                        to otherwise receive 62,312 
                                        ordinary shares of Hornby 
                                        Plc in connection with the 
                                        exercise of a performance 
                                        share award granted on 20 
                                        December 2016 under the Hornby 
                                        Plc Long Term Incentive Plan 
                                        2016 following early vesting 
                                        of the performance share award 
                                        as a result of a mandatory 
                                        cash offer made by Phoenix 
                                        UK Fund Ltd to acquire the 
                                        entire issued share capital 
                                        of Hornby Plc. 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)     Volume(s) 
                                        -----------  ---------- 
                                         GBP0.3237    62,312 
                                        -----------  ---------- 
---  -------------------------------  ------------------------------------ 
 d)        Aggregated information 
             *    Aggregated volume      62,312 
                                         GBP20,173 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the transaction          21 July 2017 
---  -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             Red McKay 
---  -------------------------------  ------------------------------------ 
 2    Reason for Notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                  Supply Chain Director 
---  -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------- 
 a)   Name                             Hornby Plc 
---  -------------------------------  ------------------------------------ 
 b)   LEI                              549300WP2GJODSTKY488 
---  -------------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------- 
 a)   Description of                   Cash settlement of a right 
       the financial instrument,        to otherwise receive 67,653 
       type of instrument               ordinary shares of Hornby 
       Identification                   Plc in connection with the 
       code                             exercise of a performance 
                                        share award granted under 
                                        the Hornby Plc Long Term Incentive 
                                        Plan 2016 
                                        N/A 
---  -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Cash settlement of a right 
                                        to otherwise receive 67,653 
                                        ordinary shares of Hornby 
                                        Plc in connection with the 
                                        exercise of a performance 
                                        share award granted on 20 
                                        December 2016 under the Hornby 
                                        Plc Long Term Incentive Plan 
                                        2016 following early vesting 
                                        of the performance share award 
                                        as a result of a mandatory 
                                        cash offer made by Phoenix 
                                        UK Fund Ltd to acquire the 
                                        entire issued share capital 
                                        of Hornby Plc. 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)     Volume(s) 
                                        -----------  ---------- 
                                         GBP0.3237    67,653 
                                        -----------  ---------- 
---  -------------------------------  ------------------------------------ 
 d)        Aggregated information 
             *    Aggregated volume      67,653 
                                         GBP21,902 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the transaction          21 July 2017 
---  -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 26, 2017 02:19 ET (06:19 GMT)

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