Hornby PLC Announces Delisting from AIM
Why we think this is very bad
The RNS announcement indicates that Hornby PLC is cancelling the admission of its ordinary shares to trading on AIM, effectively delisting the company. This is a negative development for shareholders, as it means the shares will no longer be publicly traded on a regulated exchange. The company will re-register as a private company, which reduces transparency and liquidity for investors. Overall, this is a very unfavourable outcome for shareholders.
Key Points
- Hornby PLC to cancel admission of ordinary shares to trading on AIM
- Last day of trading on AIM is 9 April 2025
- Company to re-register as private company under name Hornby Limited
- Arrangements made to facilitate future shareholder transactions
Summary
Hornby PLC has announced the cancellation of admission of its ordinary shares to trading on AIM. The last day of trading will be 9 April 2025, and the company will re-register as a private company under the name Hornby Limited. The company has made arrangements to facilitate future shareholder transactions, including appointing JP Jenkins to provide a share exchange facility and matched bargain facility.