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BRIEF-Hornby announces placing and open offer to raise 12.0 mln pounds
November 17, 2017 / 12:50 PM / a month ago

BRIEF-Hornby announces placing and open offer to raise 12.0 mln pounds

Nov 17 (Reuters) - HORNBY PLC:

* PROPOSES TO RAISE ANOUT £12.0 MILLION THROUGH ISSUE OF UP TO 40.7 MILLION NEW SHARES AT ISSUE PRICE OF 29.5 PENCE PER NEW SHARE​

* ‍LIBERUM CAPITAL LIMITED IS ACTING AS SOLE BOOKRUNNER IN RELATION TO PLACING AND OPEN OFFER​

* AGREEMENT TO ACQUIRE 49 PERCENT STAKE IN LCD ENTERPRISES, HOLDING COMPANY FOR OXFORD DIECAST GROUP, FOR A CASH CONSIDERATION OF £1.6 MILLION​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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