TIDMPOLN

RNS Number : 2462W

Pollen Street PLC

11 December 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS 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

FOR IMMEDIATE RELEASE

11 December 2023

POLLEN STREET PLC

CANCELLATION OF TREASURY SHARES

Pollen Street plc ("Pollen Street") announces the cancellation of 4,712,985 Pollen Street shares held in treasury in accordance with the provisions of section 729 of the Companies Act 2006 (the "Cancellation").

The Cancellation is implemented in connection with the scheme of arrangement under Part 26 of the Companies Act 2006 to insert Pollen Street Group Limited as the new holding company of Pollen Street.

In accordance with Listing Rule 12.6.4R, Pollen Street discloses the following information:

 
 Date of cancellation                    8 December 2023 
 Number of ordinary shares 
  held in treasury cancelled             4,712,985 
                                        ---------------- 
 Total number of shares held 
  in treasury following the 
  cancellation                           0 
                                        ---------------- 
 Total number of ordinary shares 
  in issue following the cancellation    64,209,597 
                                        ----------------

Enquiries:

For further information about this Announcement please contact:

Pollen Street

Shareholder Relations: shareholders@pollencap.com / +44 (0)20 3728 6750

Liberum Capital Limited - Sponsor

Chris Clarke / Edward Mansfield / Anake Singh: +44 (0)20 3100 2000

About Pollen Street

Pollen Street is an alternative asset manager dedicated to investing with the financial and business services sectors across both private equity and private credit strategies. The business was founded in 2013 and has consistently delivered top tier returns alongside growing AuM.

The Pollen Street group benefits from a complementary set of asset management activities focused on managing third-party AuM (the "Asset Manager") together with on-balance sheet investments (the "Investment Company").

The Asset Manager raises capital from top tier investors and deploys it into its private equity and private credit strategies.

The Investment Company invests in strategies aligned with core strategies of the group and today the investment portfolio is aligned with the private credit strategy. The portfolio is a well-diversified pool of primarily senior credit assets to high quality borrowers generating strong returns together with capital preservation. The portfolio consists of both direct investments and investments in funds managed by Pollen Street.

Further information

This Announcement is for information purposes only and is not intended to and does not constitute or form part of any offer to sell or subscribe for or any invitation to purchase or subscribe for or otherwise acquire or dispose of any securities or the solicitation of any vote or approval in any jurisdiction, nor will there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

This Announcement does not constitute a prospectus or prospectus equivalent document.

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December 11, 2023 02:00 ET (07:00 GMT)

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