22 Feb 2016 11:52
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22 February 2016
Honeycomb Investment Trust plc
Acquisition of Portfolio of Consumer Loans
Honeycomb Investment Trust plc (the "Company") is pleased to announce that it has today agreed to acquire a portfolio of consumer loans (the "Portfolio") from Caledonian Consumer Finance Limited ("Caledonian") and Carnegie Consumer Finance Limited (together with Caledonian, the "Sellers") for a purchase price of £15 million.
Caledonian is separately expected to acquire 700,000 ordinary shares in the Company from Pollen Street Capital Holdings Limited, an affiliate of the Company's Investment Manager, Pollen Street Capital Limited.
For further information about this announcement please contact:
Apex Fund Services (UK) Ltd
Priya Dhaliah / Paul Spendiff020 3697 5368
Pollen Street Capital Limited
Chris Palmer / Johnathan Moyes020 3728 6750
Liberum
Simon Atkinson / Chris Clarke / Joshua Hughes020 3100 2000