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.