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June 22 (Reuters) - Hornby Plc:
* Appointed David Adams as interim chairman of board
* Board considers mandatory cash offer of 32.375 pence per hornby share "significantly undervalues Hornby and its future prospects"
* Board also notes Phoenix UK Fund's belief that Hornby should maintain its AIM listing Source text for Eikon: Further company coverage: (Bangalore.firstname.lastname@example.org)