June 21, 2017 / 8:02 AM / 2 months ago

BRIEF-Phoenix UK Fund Ltd agrees to acquire 17.6 mln Hornby shares from New Pistoia Income Ltd

June 21 (Reuters) - Phoenix Asset Management Partners:

* Rule 2.7 mandatory offer for Hornby plc

* Phoenix UK Fund unconditionally agreed to acquire 17.6 mln Hornby shares from New Pistoia Income at 32.375 pence per share

* It is expected that acquisition will settle on 23 June 2017

* Offer values entire issued and to be issued share capital of hornby at about 27.4 mln stg Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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