Castelnau Group Limited ( (GB:CGL) ) has shared an announcement.
Castelnau Group Limited has announced its support for Hornby plc’s decision to voluntarily cancel its admission of ordinary shares to AIM, citing the need for strategic flexibility and operational transformation. Castelnau, holding 54.9% of Hornby shares, has agreed to a share-for-share exchange facility to allow Hornby shareholders to exchange their shares for new shares in Castelnau, potentially increasing its stake in Hornby to 75.6%. This move is expected to enhance Hornby’s ability to implement significant structural changes and benefit all stakeholders involved.
More about Castelnau Group Limited
Castelnau Group Limited operates in the investment industry, focusing on acquiring and managing a diverse portfolio of companies. Its primary service is investment management, with a market focus on long-term value creation through strategic investments in various sectors.
YTD Price Performance: -2.13%
Average Trading Volume: 40,501
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £305.9M
See more data about CGL stock on TipRanks’ Stock Analysis page.