REG - Pollen Street PLC - Directorate Change

Pollen StreetAnnouncement

15/01/2024 07:00

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RNS Number : 6132Z  Pollen Street PLC  15 January 2024

FOR IMMEDIATE RELEASE

15 January 2024

 

Pollen Street plc - Directorate Change

Pollen Street plc today announces that Lucy Tilley will join the Company as
its next Chief Financial Officer. Lucy will also join the Board as an
executive director.  Lucy will succeed Julian Dale, who will be stepping down
from the Board and as Chief Financial Officer following the publication of the
2023 financial results and a handover period. A further announcement will be
made in due course once Lucy's start date has been confirmed.

Lucy is joining Pollen Street from Mortgage Advice Bureau (Holdings) Plc
("MAB"), where she has been Finance Director since 2015 and Chief Financial
Officer since 2019.  Prior to this, Lucy was a director in the corporate
broking team at Canaccord Genuity Limited and is a chartered accountant.

Robert Sharpe, Chairman and Lindsey McMurray, Chief Executive Officer
commented:

"On behalf of the Board we are delighted to be welcoming Lucy Tilley to the
Company. Lucy brings a wealth of experience, which will help drive the Group
through its next phase of growth. We would also like to take the opportunity
to thank Julian for his dedication and contribution to the Group over the past
5 years."

 

Notes:

1.         Remuneration arrangements

A statement containing the information required by Section 430(2B) of the
Companies Act 2006 will be added to the company's website in due course. The
Company also confirms that Lucy Tilley's remuneration will be in line with the
Remuneration Policy adopted by the Company.

 

2.         Regulatory disclosure

The Company confirms that in respect of Listing Rule 9.6.13(R), Lucy Tilley is
an executive director of MAB. There are no details to disclose in respect of
Listing Rule 9.6.13R (2)-(6).

 

 

About Pollen Street plc

Pollen Street plc 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.

Pollen Street 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 strong recurring
revenues from this business enable us to deliver scalable growth.

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.

POLN is listed on the London Stock Exchange (ticker symbol: POLN). Further
details are available at www.pollencap.com (http://www.pollencap.com/) .

For further information about this announcement please contact:

Barclays Bank plc - Joint Broker

Neal West / Stuart Muress

+44 (0)20 7623 2323

 

Liberum Capital Limited - Joint Broker

Chris Clarke / Edward Mansfield

+44 (0)20 3100 2000

 

FGS Global

Chris Sibbald

Chris.Sibbald@fgsglobal.com

+44 (0)7855955531

 

Link Company Matters Limited - Corporate Secretary

polncosec@linkgroup.co.uk

 

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