Pollen Street PLC Dividend Declaration (4945G)
November 15 2022 - 8:39AM
UK Regulatory
TIDMPOLN
RNS Number : 4945G
Pollen Street PLC
15 November 2022
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE
EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL
Pollen Street plc (the "Company")
DIVIDEND DECLARATION
The Directors of Pollen Street plc have declared an interim
dividend of 16.00 pence per eligible ordinary share (as set out
below) for the three-month period to 30 September 2022.
The dividend will be paid on 23 December 2022 to holders of
ordinary shares on the register as of 2 December 2022. Former
shareholders of Pollen Street Capital Holdings Limited ("PSCHL"),
who received ordinary shares as consideration for the Company's
completed acquisition of PSCHL (the "Combination"), have waived
ordinary dividends payable to them in both 2022 and 2023 on
approximately 50.0 per cent. of such consideration shares, pursuant
to the terms of the Combination. As a result, the interim dividend
will be paid on 49,473,264 ordinary shares. Further information is
available in the prospectus dated 26 September 2022, which is
available on the Company's website. The ex-dividend date is 1
December 2022.
The Company has elected to designate all the interim dividend
for the period, 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.
Investors who wish to join the Dividend Reinvestment Plan should
complete the Company form which can be found on the Registrar's
website
http://www.computershare.com/uk/individuals/im-a-shareholder/dividend-reinvestment-plan
or telephone 0370 707 1694.
The last date for receipt for elections for the Dividend
Reinvestment Plan is 9 December 2022.
For further information about this announcement please
contact:
Computershare Investor Services PLC
Registrar
Tel: +44 (0) 370 707 4023
15 November 2022
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END
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November 15, 2022 08:39 ET (13:39 GMT)
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