REG - Pollen Street PLC - Dividend Declaration

Pollen StreetAnnouncement

09/01/2024 14:30

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RNS Number : 1353Z  Pollen Street PLC  09 January 2024

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Pollen Street plc (the "Company")

DIVIDEND DECLARATION

The Directors of Pollen Street plc have declared an interim dividend of 13.00
pence per ordinary share for the three-month period to 31 December 2023 (the
"Interim Dividend").

The Interim Dividend will be paid on 1 March 2024 to holders of ordinary
shares on the register as of 19 January 2024. The ex-dividend date is 18
January 2024.

The Company has elected to designate all the Interim Dividend as an interest
distribution to its shareholders. In doing so, the Company is taking advantage
of UK tax treatment by "streaming" income from interest-bearing investments
into dividends that will be taxed in the hands of shareholders as interest
income.

As previously announced, the Interim Dividend is the last dividend that will
be designated as an interest distribution to shareholders in accordance with
the UK tax legislation applicable to the payment of interest distributions by
investment trusts and is the first dividend that is available to all
shareholders following completion of the combination between the Company and
Pollen Street Capital Holdings Limited on 30 September 2022.

Subject to the scheme of arrangement announced by the Company on 18 September
2023 (the "Scheme") becoming effective, subsequent dividends will be declared
by the new parent company of the group, Pollen Street Group Limited ("PSGL").
It is expected that PSGL will declare dividends on a bi-annual timetable, such
that the next dividend is expected to be an interim dividend declared
following publication of PSGL's half-year results. Further information on the
Company's proposed new holding company is available in the prospectus
published by PSGL on 27 November 2023, which is available on the Company's
website.

The Company also announces that the dividend reinvestment plan (the "DRiP")
operated by the Company has been suspended. Accordingly, it will not be
possible for shareholders to reinvest any proceeds from the Interim Dividend
via the Company's DRiP. Subject to the Scheme becoming effective, it is
expected that PSGL will operate a new DRiP in time for the first dividend paid
by PSGL in 2024.

For further information about this announcement please contact:

Computershare Investor Services PLC

Registrar

Tel: +44 (0) 370 707 4023

9 January 2024

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