Pollen Street PLC Cancellation of Treasury Shares (2462W)
December 11 2023 - 2:00AM
UK Regulatory
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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END
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