Source - SMW
Hornby has announced the resignation of Roger Canham as Executive Chairman, with immediate effect.

This follows the announcement today by Phoenix UK Fund that it has acquired 17,641,161 Hornby shares and consequently the Phoenix Concert Party owns 55.217% of Hornby's issued equity.

At 1:38pm: (LON:HRN) Hornby PLC share price was +1.13p at 32.38p