Result of Share Sale

RNS Number : 8011D

Honeycomb Investment Trust PLC

21 February 2020

 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM),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

21 February 2020

Honeycomb Investment Trust plc
("Honeycomb" orthe "Company")
Result of Share Sale

Further to the announcement earlier today, Honeycomb announces that it has been notified that two major shareholders of the Company have sold, in aggregate, 13,053,229 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a price of 850 pence per Ordinary Share (the "Sale").

As part of the Sale, the Company and its investment manager, Pollen Street Capital Limited (the "Investment Manager"), authorised a major shareholder to sell its remaining 6,043,595 Ordinary Shares pursuant to the irrevocable undertaking given by that shareholder to the Company and the Investment Manager on 27 January 2020 (as announced by the Company on that date). Following the Sale, the major shareholder does not hold any Ordinary Shares in the Company.

The Company was not a party to the Sale and will not receive any proceeds from the Sale.

Liberum Capital Limited - Broker

Chris Clarke / Louis Davies: [phone]

Camarco - Investor Relations

Eddie Livingstone-Learmonth / Jake Thomas: [phone]

Link Company Matters Limited - Corporate Secretary

Paula O'Reilly: [phone]

Pollen Street Capital - Investment Manager

Chris Palmer / Steve Plowman: [phone]

 

END

 

 

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