Hornby PLC (AIM:HRN) completed the acquisition of remaining 51% stake in Oxford Diecast Ltd for £1.3 million on July 30, 2021. Total cash consideration of £1.3 million, to be funded by the Company from cash in the bank. For the financial year ended 31 December 2020 LCD reported a net profit after tax of approximately £0.2 million. At the time of completion of the Acquisition, LCD is expected to have total assets of c.£5.1 million and liabilities of c.£2.4 million resulting in (unaudited) net assets of £2.7 million. The merger is expected to be completed by the end of August, 2021.

Hornby PLC (AIM:HRN) completed the acquisition of remaining 51% stake in Oxford Diecast Ltd for £1.3 million on July 30, 2021.