Liberum acts as Nomad and Sole Bookrunner on £15m fundraising for Hornby Plc

We are pleased to announce that Liberum acted as Nomad and Sole Bookrunner on a Placing and Open Offer raising £15m for Hornby Plc through the issue of 41,666,666 shares at 36p.

Hornby Plc (“Hornby”) develops, designs and distributes hobby and interactive products under various brands such as Hornby, Scaletrix, Humbrol and Corgi. The Company distributes its products through a network of specialists through its online activities and various retailers throughout the UK and overseas. It is listed on AIM.

Hornby put in place a long-term turnaround plan in June 2016; the strategy is aimed at fundamentally re-engineering and future proofing the business to reach sustainable profitability. The proceeds of the placing are to be used to continue to reinvigorate the Group’s key brands, invest in digital marketing and strengthen the Group’s balance sheet providing flexibility to invest in further growth opportunities.

Liberum Team:

Board – Shane Le Prevost

Investment Banking – Andrew Godber, Edward Thomas, Kane Collings, Miquela Bezuidenhoudt, Ant Schia

Legal – Alice Foster