REG - Pollen Street PLC - Cancellation of Treasury Shares

Pollen StreetAnnouncement

11/12/2023 07:00

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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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