21 Feb 2020 16:38
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM),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" or the "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: +44 (0)20 3100 2000
Camarco - Investor Relations
Eddie Livingstone-Learmonth / Jake Thomas: +44 (0)20 3757 4993
Link Company Matters Limited - Corporate Secretary
Paula O'Reilly: +44 (0)20 7954 9796
Pollen Street Capital - Investment Manager
Chris Palmer / Steve Plowman: +44 (0)20 3728 6750