Statement re Share Buyback

RNS Number : 2993D

Honeycomb Investment Trust PLC

02 March 2022

 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED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

02 March 2022

Honeycomb Investment Trust plc
("Honeycomb" or the "Company")

Statement re Share Buyback

The board notes the current share price and, if this persists, will consider reactivating the Company's share buyback programme as it believes that at the current price the Company's shares offer significant value and a share buyback will be value accretive. The board's policy is to consider conducting share buybacks when the shares trade at more than 5% below net asset value, subject to maintaining the Company's gearing target limit.

For further information about this announcement please contact:

Pollen Street Capital - Investment Manager

Matthew Potter / Julian Dale: [phone]

Liberum Capital Limited - Joint Broker

Chris Clarke: [phone] 

Cenkos Securities plc - Joint Broker

Justin Zawoda-Martin: [phone]

Link Company Matters Limited - Corporate Secretary

[e-mail]  

 

END

 

 

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