Honeycomb Investment Trust to join FTSE All-Share
Alternative finance-focused investment trust Honeycomb has applied to join the premium listing segment of the London Stock Exchange.
In a note to the market, Honeycomb confirmed that its board has applied to the Financial Conduct Authority (FCA) for its share capital to be admitted to the premium listing segment of the official list of the FCA, and to the London Stock Exchange for its ordinary shares to be admitted to trading on the premium segment of the main market.
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This would mean that Honeycomb’s shares will be accessible via the FTSE All-Share, potentially opening it up to a new group of retail investors.
Honeycomb’s directors believe that admission to the main market “will benefit [the] company as it will broaden the appeal of the ordinary shares to a wider range of shareholders.”
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Honeycomb has delivered a strong performance for its investors this year, reporting a net asset value of 8.2 per cent for the first half of the year, despite “some of the most challenging [months] in recent memory.”
Cenkos Securities is acting as sponsor for the company in connection with the premium listing.
Admission is expected to become effective on Wednesday 28 October.
Read more: Honeycomb spent £300k on failed PSSL merger talks
