Portfolio Acquisition

RNS Number : 5232U

Honeycomb Investment Trust PLC

07 April 2016

 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

7 April 2016

Honeycomb Investment Trust plc

Acquisition of Portfolio of Consumer Loans

Honeycomb Investment Trust plc (the "Company") is pleased to announce that it has acquired an initial portfolio of consumer loans from GE Money Consumer Lending Limited and certain of its affiliates (the "Sellers") for a purchase price of approximately £54 million. Under the agreement, the Company intends to acquire second portfolio from the Sellers within 3 months.

For further information about this announcement please contact:

Apex Fund Services (UK) Ltd.

Priya Dhaliah / Paul Spendiff / Robert Kelly
020 3697 5368

Pollen Street Capital Limited

Chris Palmer / Johnathan Moyes
020 3728 6750

Liberum

Simon Atkinson / Chris Clarke / Joshua Hughes
020 3100 2000

 

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