Honeycomb Investment Trust PLC Proposed Share Sale (7877D)
February 21 2020 - 9:32AM
UK Regulatory
TIDMHONY
RNS Number : 7877D
Honeycomb Investment Trust PLC
21 February 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
21 February 2020
Honeycomb Investment Trust plc
("Honeycomb" or the "Company")
Proposed Share Sale
Honeycomb announces that it has been advised that two major
shareholders of the Company are proposing to sell, 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 Shares") (the "Sale").
As part of the Sale, the Company and its investment manager,
Pollen Street Capital Limited (the "Investment Manager"), intends
to authorise a major shareholder to sell their 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).
The Sale Shares represent approximately 35.0 per cent. of the
issued share capital of the Company (excluding treasury shares).
The Company is not a party to the Sale and will not receive any
proceeds from the Sale.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"),
and is disclosed in accordance with the Company's obligations under
Article 17 of MAR.
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
This announcement and the information contained herein is for
information purposes only and does not constitute or form part of
any offer or an invitation to acquire or dispose of securities in
the United States, Australia, Canada, Japan or South Africa or in
any other jurisdiction in which such an offer or invitation is
unlawful ("Restricted Jurisdictions"). Neither this announcement
nor any copy of it may be taken, transmitted or distributed,
directly or indirectly, in or into or from any Restricted
Jurisdiction. Any failure to comply with this restriction may
constitute a violation of securities laws in the relevant
Restricted Jurisdiction.
In connection with any sale or purchase of Ordinary Shares
pursuant to the proposed transactions described in this
announcement, Liberum or any of their respective affiliates may
take up a portion of the Ordinary Shares as a principal position
and in that capacity may retain, purchase, sell, offer to sell for
its own accounts such Ordinary Shares and other securities of the
Company or related investments in connection with the Sale or
otherwise. Accordingly, references to the Ordinary Shares being
issued, offered, subscribed, acquired, placed or otherwise dealt in
should be read as including any issue or offer to, or subscription,
acquisition, placing or dealing by Liberum and any of their
respective affiliates acting as investors for their own accounts.
Liberum does not intend to disclose the extent of any such
investment or transactions otherwise than in accordance with any
legal or regulatory obligations to do so.
Liberum is authorised and regulated by the FCA. This
announcement has been issued by the Company and is the sole
responsibility of the Company. Liberum does not accept any
responsibility whatsoever and makes no representation or warranty,
express or implied, for the contents of this announcement,
including its accuracy, completeness or verification or for any
other statement made or purported to be made by the Company or on
Liberum's behalf, in connection with the Sale, and nothing in this
announcement is or shall be relied upon as a promise or
representation in this respect, whether as to the past or the
future. Liberum accordingly disclaims to the fullest extent
permitted by law all and any responsibility and liability, whether
arising in tort, contract or otherwise, which it might otherwise
have in respect of this announcement and any such statement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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February 21, 2020 09:32 ET (14:32 GMT)
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