Hornbuckle sells 60% stake to private investors

Multiple small dormant shareholders will leave the ownership group and all executive shareholders will continue to retain their full holdings. The transaction has received formal Financial Conduct Authority (FCA) approval but is subject to standard closure conditions between the parties which will be completed shortly. As a result of the deal, Richard Wohanka, the new single largest shareholder, will become non-executive chairman, and Phil Smith will become chief executive officer. Current managing director David White (pictured) will continue as both a board member and senior execu...