Hornby Announces Plans to Delist from London Stock Exchange

The 124-year-old model train maker cites regulatory burdens and costs as it seeks to accelerate its turnaround strategy under Mike Ashley's guidance.

Hornby plans to delist from the Alternative Investment Market (AIM) to reduce regulatory hurdles, cut costs, and improve decision-making.
The company expects to save approximately £400,000 annually by going private and will hold a shareholder vote on April 1 to finalize the decision.
Mike Ashley, whose Frasers Group holds an 8.9% stake in Hornby, has been advising the company on its financial turnaround since last year.
Hornby has faced significant financial challenges, including a 60% drop in share value over the past year and mounting losses attributed to a weak economy.
The delisting follows a broader trend of companies leaving London's stock market due to high costs and low valuations, with 92 firms exiting AIM in 2024.