23 Feb 2024 08:04
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
Hornby (HRN)