2 Mar 2022 07:00
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM),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: +44 (0)20 3728 6750
Liberum Capital Limited - Joint Broker
Chris Clarke: +44 (0)20 3100 2000
Cenkos Securities plc - Joint Broker
Justin Zawoda-Martin: +44 (0)20 7397 8900
Link Company Matters Limited - Corporate Secretary
hitcosec@linkgroup.co.uk