TIDMHONY
RNS Number : 4668R
Honeycomb Investment Trust PLC
09 December 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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR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 PUBLICATION, DISTRIBUTION OR RELEASE OF
THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
This announcement is an advertisement only and does not
constitute a prospectus. Investors who wish to subscribe for or
purchase shares in the Company are reminded that any such
subscription or purchase should only be made on the basis of the
information contained in the Company's prospectus dated 18 December
2015 (as supplemented by a supplementary prospectus dated 1
December 2016 and any further supplement thereto), and not on the
information contained in this announcement. This is a financial
promotion and is not intended to be investment advice.
9 December 2016
Honeycomb Investment Trust plc
Proposed placing
Honeycomb Investment Trust plc (the "Company") today announces
its intention to proceed with a placing to raise gross proceeds of
up to GBP50 million at an issue price of GBP10.15 per share,
pursuant to the terms and conditions of the placing programme set
out in the Company's prospectus (the "Prospectus") dated 18
December 2015 (the "Placing"). The Prospectus and a supplementary
prospectus dated 1 December 2016 (the "Supplementary Prospectus")
have been submitted to the National Storage Mechanism and are
available at http://www.morningstar.co.uk/uk/NSM.
The new ordinary shares to be issued pursuant to the Placing
(the "Placing Shares") will rank pari passu with the Company's
existing ordinary shares. The net proceeds of the Placing will be
deployed in line with the Company's investment policy.
Liberum Capital Limited ("Liberum") is acting as sole bookrunner
in relation to the Placing. The Placing is expected to close at
12.00 p.m. on 12 December 2016, but may close earlier or later at
the absolute discretion of the Company, in consultation with
Liberum.
Application will be made to the London Stock Exchange for the
Placing Shares to be admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange
("Admission"). It is expected that Admission will become effective
and that dealings in the Placing Shares will commence at 8.00 a.m.
on 16 December 2016.
ENQUIRIES
For further information, please contact:
Pollen Street Capital Limited
Lindsey McMurray / James Scott / Matthew Potter
020 3728 6750
Liberum Capital Limited
Chris Clarke / Henry Freeman / Robert Johnson
020 3100 2000
IMPORTANT NOTICE
This announcement is an advertisement and does not constitute a
prospectus relating to the Company and does not constitute, or form
part of, any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any Placing
Shares in the Company in any jurisdiction nor shall it, or any part
of it, or the fact of its distribution, form the basis of, or be
relied on in connection with or act as any inducement to enter
into, any contract therefor.
The information contained in this announcement is for background
purposes only and does not purport to be full or complete.
Investors should not purchase or subscribe for any transferable
securities referred to in this announcement except on the basis of
information contained in the Prospectus and Supplementary
Prospectus (and any further supplement thereto). Copies of the
Prospectus and Supplementary Prospectus are available for viewing
at the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM and on the Company's
website.
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
The Placing Shares are only suitable for investors: (i) who are
institutional, professional and highly knowledgeable (including
those who are professionally advised); (ii) for whom an investment
in the Placing Shares is part of a diversified investment
programme; and (iii) who fully understand and are willing to assume
the risks involved in such an investment, including the potential
risks of capital loss and that there may be limited liquidity in
the underlying investments of the Company. The value of shares and
the income from them is not guaranteed and can fall as well as rise
due to stock market and currency movements. When you sell your
investment you may get back less than you originally invested. If
you are in any doubt about the contents of this announcement you
should consult your accountant, legal or other professional adviser
or financial adviser. Past performance is not a guide to future
performance and the information in this announcement or any
documents relating to the Placing cannot be relied upon as a guide
to future performance.
Liberum Capital Limited, which is authorised and regulated by
the Financial Conduct Authority in the United Kingdom, is acting
only for the Company in connection with the matters described in
this announcement and is not acting for or advising any other
person, or treating any other person as its client, in relation
thereto and will not be responsible for providing the regulatory
protection afforded to clients of Liberum Capital Limited or advice
to any other person in relation to the matters contained
herein.
Neither Liberum Capital Limited nor Pollen Street Capital
Limited, nor any of their respective directors, officers,
employees, advisers or agents accepts any responsibility or
liability whatsoever for, or makes any representation or warranty,
express or implied, as to the truth, accuracy or completeness of,
the information in this announcement (or whether any information
has been omitted from the announcement) or any information relating
to the Company, whether written, oral, or in a visual or electronic
form, and howsoever transmitted or made available or any loss
howsoever arising from any use of this announcement or its contents
or otherwise in connection with it.
The Placing Shares have not been, nor will they be, registered
under the US Securities Act of 1933, as amended (the "Securities
Act") or with any securities regulatory authority of any state or
other jurisdiction of the United States or under the applicable
securities laws of any member state of the EEA (other than the
United Kingdom), Australia, Canada, Japan, or South Africa.
Accordingly, subject to certain exceptions, the Placing Shares may
not be offered or sold in any member state of the EEA (other than
the United Kingdom), the United States, Australia, Canada, Japan or
South Africa or to or for the account or benefit of any national,
resident or citizen of any member state of the EEA (other than the
United Kingdom), the United States, Australia, Canada, Japan, South
Africa or to or for the account or benefit of US persons (as
defined in Regulation S under the Securities Act). The Placing and
the distribution of this announcement in other jurisdictions may be
restricted by law and the persons into whose possession this
announcement comes should inform themselves about, and observe, any
such restrictions.
The Company has not been, and will not be, registered under the
US Investment Company Act of 1940, as amended.
This announcement may include "forward-looking statements". All
statements other than statements of historical fact included in
this announcement, including, without limitation, those regarding
any target returns, are forward-looking statements. Forward-looking
statements are subject to risks and uncertainties and accordingly
the Company's actual future financial results and performance may
differ materially from the results and performance expressed in, or
implied by, the statements. These factors include but are not
limited to those described in the Prospectus and Supplementary
Prospectus. These forward-looking statements speak only as at the
date of this announcement. The Company expressly disclaims any
obligation or undertaking to update or revise any forward-looking
statements contained herein to reflect actual results or any change
in the assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the Financial
Services and Markets Act 2000, the Listing Rules or Prospectus
Rules of the Financial Conduct Authority or other applicable laws,
regulations or rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFKLFBQLFZFBF
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December 09, 2016 06:46 ET (11:46 GMT)
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