Transaction in Own Shares
21/03/2022 07:01
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220321:nRSU3487Fa&default-theme=true RNS Number : 3487F Honeycomb Investment Trust PLC 21 March 2022 21 March 2022 Honeycomb Investment Trust plc (the "Company") Share Buyback Programme Further to the Company's announcement on 2 March 2022, the Company announces that it now intends to commence a share buyback programme, pursuant to the authority granted at the Company's Annual General Meeting held on 8 June 2021, to purchase the Company's ordinary shares of £0.01 each (the "Ordinary Shares"). The programme will commence immediately and is expected to end no later than 29 April 2022 (the "Buyback Programme"). The Board believes that at the current price the Company's Ordinary Shares offer significant value and the Buyback Programme will be value accretive to the Company's shareholders. The Board's policy is to consider conducting share buybacks when the Ordinary Shares trade at a discount of more than 5 per cent. to net asset value, subject to maintaining the Company's target gearing limit. The Company has 39,449,919 Ordinary Shares in issue, of which 4,190,178 Ordinary Shares are held in treasury. Ordinary Shares purchased by the Company pursuant to the Buyback Programme will be held in treasury. Shareholders should be aware that a purchase of Ordinary Shares by the Company on any trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares and could exceed 25 per cent of the average daily trading volume of the preceding 20 business days. 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 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 (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END POSFLFITVEITLIF