Hornby PLC Mike Ashley and Hornby PLC
March 20 2024 - 2:00AM
RNS Regulatory News
RNS Number : 5010H
Hornby PLC
20 March 2024
20th March 2024
Hornby
Plc
("Hornby"
or the "Group")
Mike Ashley and Hornby
PLC
Further to the announcement dated 23
February 2024 giving details of Frasers Group plc ("Frasers") as a
strategic shareholder, Mike Ashley has entered into a consultancy
agreement with Hornby through Mash Holdings Ltd (a company wholly
owned by Mike Ashley). Mike will be available to support Olly
Raeburn, CEO of Hornby, and the wider business, particularly in
relation to systems, operations, logistics and, where relevant,
broader matters of strategy.
This approach is aligned to Fraser
Group's policy of partnering with strategic investments in order to
add value for the respective shareholders of Hornby and Fraser
Group. No remuneration is payable to Mash by
Frasers or Hornby for these consultancy services.
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
[ENDS]
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END
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