Hornby shareholders seek to remove firm's executive chairman

Jade Burke

By Jade Burke

April 10th 2017 at 11:43AM
UPDATED April 10th 2017 at 12:43PM
Hornby shareholders seek to remove firm's executive chairman

In a statement, the firm revealed it had received a letter requesting a meeting to consider removing Roger Canham from his post, and replacing him with Ian Alexander Anton.

A shareholder, owning around 20 per cent of Hornby Hobbies, is seeking to remove the firm’s executive chairman, Roger Canham.

In a statement, the firm revealed it had received a letter requesting a meeting on behalf of ROY Nominees Limited and HSBC Global Custody Nominee (UK) Limited, which together represent around 20 per cent of the company’s voting rights.

The meeting has been called to consider removing Canham from his post, and replacing him with Ian Alexander Anton.

Canham previously stepped up to the position in February 2016 after Hornby’s CEO Richard Ames resigned amid a profit warning.

This news follows the firm’s turnaround plans after a major restructuring by the new management.