Honeycomb Investment Trust PLC Relationship with Pollen Street Capital (6608E)
March 02 2020 - 4:12AM
UK Regulatory
TIDMHONY
RNS Number : 6608E
Honeycomb Investment Trust PLC
02 March 2020
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR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
2 March 2020
Honeycomb Investment Trust plc ("Honeycomb" or the
"Company")
Relationship with Pollen Street Capital
In light of recent surprising news and comments surrounding
Pollen Street Secured Lending plc ("PSSL") and its interaction with
its manager Pollen Street Capital ("Pollen Street" or the
"Manager"), I wanted to take this opportunity in my capacity as
Chairman of Honeycomb to describe my and my Board's extremely
positive relationship with Pollen Street.
The team at Pollen Street has managed Honeycomb since the
company's inception in December 2015. Throughout the whole of that
period my experience is that the team has acted at all times with
absolute integrity, and good governance. Pollen Street's
interaction with the Board has been transparent and collaborative
and they, like us, have always been focused on managing the Company
in the best interests of its shareholders.
We are very disappointed that the recent PSSL events have been
presented in a way which implies that Pollen Street is in some way
lacking in any of these qualities. I find some of the accusations
very hard to believe, as they do not at all reflect the Honeycomb
Board's relationship with or experience in dealing with Pollen
Street.
I want to take this opportunity to assure Honeycomb shareholders
that I and my Board colleagues have full confidence that the Pollen
Street team will continue to manage Honeycomb with the integrity
and good governance mentioned above, while continuing to deliver
the strong risk adjusted returns to Honeycomb shareholders as they
have done since 2015.
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
Steve Plowman / Chris Palmer: +44 (0)20 3728 6750
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
MSCEANDAEFEEEEA
(END) Dow Jones Newswires
March 02, 2020 04:12 ET (09:12 GMT)
Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Jul 2023 to Jul 2024