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LONDON - Hornby Plc, the international hobby products group, announced today that its shareholders have passed all proposed resolutions during a general meeting. The resolutions included the cancellation of the company’s listing on the AIM market and its re-registration as a private limited company.
The cancellation resolution received overwhelming support, with 99.43% of the votes in favor and only 0.57% against. Similarly, the re-registration resolution was approved with the same percentages of votes for and against.
The delisting from AIM is scheduled for 7:00 a.m. on April 10, 2025, making April 9 the last day for trading Hornby’s ordinary shares on the market. Following the delisting, Hornby will transition to a private company and adopt new articles of association, expected to occur in the week starting April 28, 2025.
To assist shareholders with future transactions of Hornby’s ordinary shares, the company has appointed JP Jenkins to provide a share exchange facility and a matched bargain facility. The exchange facility will be available for one month starting from the date of the AIM delisting. After its expiration, the matched bargain facility will become available. Details regarding these facilities will be provided on Hornby’s website upon cancellation.
These steps are part of Hornby’s strategic restructuring and will mark a significant change in the company’s corporate governance and share trading processes. The information for this article is based on a press release statement issued by Hornby Plc.
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