Link and Invesco reported to have sold down Honeycomb shares

Offloading shares

The Honeycomb Investment trust has bought back 2.2 million shares after certain unnamed shareholders told the company they would look to offload their "significant" holdings.

The shareholders, which investment company brokers believe to be Link Fund Solutions on behalf of the LF Equity Income fund and Invesco, said it intended to "sell a significant percentage of the company's ordinary shares… at a price of 850 pence". Specialist lender Honeycomb also said a major shareholder had agreed not to sell any of its shares for a period of four weeks "except at a price no lower than 850p when instructed to do so by the company or investment manager". Link reveals price of first distribution to Woodford investors It subsequently confirmed it had bought back 2.2 ...