Last checked at 5 Dec 2011 15:50
Hornby Plc
5 December 2011
Exercise of Options and Director's Dealings
Hornby Plc (the "Company") announces that it was informed today of the following transactions in respect of ordinary shares of 1 pence each in the Company ("Ordinary Shares").
On 2 December 2011 Frank Martin the Chief Executive of the Company exercised options to purchase 600,000 Ordinary Shares in the Company at an exercise price of 76.8p, the exercise criteria having been satisfied. These options which were awarded on 28 March 2002 had an expiry date of 28 March 2012. Following this transaction Mr Martin sold 600,000 shares at an average price of 120p per share. Following these transactions Mr Martin continues to hold 388,282 Ordinary Shares, representing 0.99% of the issued share capital of the Company.
On 2 December 2011 John Stansfield the Company Secretary exercised options to purchase 100,000 Ordinary Shares in the Company at an exercise price of 83.4p, the exercise criteria having been satisfied. These options which were awarded on 19 June 2002 had an expiry date of 19 June 2012. Following this transaction Mr Stansfield sold 100,000 shares at an average price of 120p per share. Following these transactions Mr Stansfield continues to hold 99,000 Ordinary Shares, representing 0.25% of the issued share capital of the Company, and retains options to purchase a further 150,000 ordinary shares, with an expiry date of 19 June 2012.
Hornby Plc
John Stansfield, Company Secretary
01843 233500
Numis Securities
Rupert Krefting, Corporate Broker
020 7260 1435
John Stansfield