Last checked at 28 Sep 2018 10:13
Hornby PLC
28 September 2018
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PRESS RELEASE
28 September 2018
This announcement is further to the Final Results announcement released on 19 June 2018 under RNS Number 7571R and corrects an error in the Directors' Remuneration within the Director's Report and Key Management compensation in Note 24. The error is as a result of bonuses paid in the year ended 31 March 2018 being included in the disclosure for the year ended 31 March 2018, however these related to the year ended 31 March 2017, and a misclassification between compensation for loss of office and basic salary.
The full amended text is shown below:
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| Year ended 31 March 2018 | |||
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| Basic salary, allowances and fees £'000 | Pension contributions £'000 | Total salary and pension contributions £'000 |
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| L Davies (Appointed 5 October 2017) | 100 | - | 100 |
| K Gould (Appointed 4 January 2018) | 34 | 6 | 40 |
| J Wilson (Appointed 1 August 2017) | - | - | 0 |
| J Stansfield (Appointed 4 January 2018) | 9 | - | 9 |
| S Cooke1,4 (Resigned 3 October 2017) | 153 | 25 | 178 |
| D Mulligan2 (Resigned 31 December 2017) | 153 | 26 | 179 |
| M George (Appointed 22 December 2016) | 49 | - | 49 |
| R Canham3 (Resigned 21 June 2017) | 25 | - | 25 |
| D Adams (Resigned 31 December 2017) | 49 | - | 49 |
| C Caminada (Resigned 22 December 2016) | - | - | - |
| Total | 572 | 57 | 629 |
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| 1 - excluded from within this amount is compensation for loss of office totalling £233,152 | |||
| 2 - excluded from this amount is compensation for loss of office totalling £184,193 | |||
| 3 - excluded from this amount is compensation for loss of office totalling £25,000 | |||
| 4 - Highest paid director |
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Enquiries:
Hornby plc 01843 233500
Lyndon Davies, CEO
Liberum 020 3100 2222
Andrew Godber
Richard Bootle
Neil Patel
Capital Access Group 020 3763 3400
Scott Fulton