Cancellation of share premium - 22.03.2016

RNS Number : 8170S

Honeycomb Investment Trust PLC

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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED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

22 March 2016

Honeycomb Investment Trust plc

Cancellation of Share Premium Account

At the General Meeting of the Company held on 14 December 2015, special resolutions were passed approving the cancellation of all amounts standing to the credit of the Company's share premium account (the "Cancellation") following and conditional upon: (i) the admission of the Company's ordinary shares to trading on the London Stock Exchange plc's Specialist Fund Market, which took place on 23 December 2015; and (ii) the approval of the Cancellation by the Companies Court of the Chancery Division in the High Court of Justice (the "Court").

Following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 21 March 2016, the Cancellation has now become effective. Accordingly, the £99,900,000 previously held in the share premium account has been transferred to the distributable reserves of the Company.

For further information about this announcement please contact:

Apex Fund Services (UK) Ltd

Company Secretary

Priya Dhaliah / Paul Spendiff / Robert Kelly
020 3697 5368

 

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