REG - Pollen Street Group - Announcement of New Share Buyback Programme

Pollen StreetAnnouncement

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RNS Number : 2001G  Pollen Street Group Limited  05 November 2025

5 November 2025

Pollen Street Group Limited

(the "Company" or together with its subsidiaries the "Group" or "Pollen
Street")

Announcement of New Share Buyback Programme

Pollen Street today announces the launch of a new share buyback programme of
up to a maximum aggregate amount of £30 million (the "Buyback Programme") to
repurchase ordinary shares in the Company.

In accordance with the Group's Capital Allocation Framework, and pursuant to
the approvals granted by shareholders at the Annual General Meeting held on 12
June 2025 (the "2025 AGM"), the Board believes it is beneficial to maintain
the flexibility to allocate a portion of capital towards opportunistic share
repurchases whilst maintaining flexibility over capital deployment.

Details of the Share Buyback Programme

Pollen Street has appointed Investec Bank plc ("Investec") and Panmure Liberum
Limited ("Panmure Liberum") as riskless principals to execute purchases
pursuant to the Buyback Programme. During the course of the Buyback Programme,
the Company may from time to time give irrevocable instructions to Investec
and Panmure Liberum to purchase shares within the parameters specified in
those instructions. Such repurchases would take place in open market
transactions and may be made from time to time depending on market conditions,
share price and trading volume. There is no certainty that any share buybacks
will be completed, or that the maximum amount of purchases under the Buyback
Programme will occur.  During any closed periods the Company will not have
any power to invoke any changes to the Buyback Programme (or to instructions
that have been given to Investec or Panmure Liberum).

The sole purpose of these Ordinary Share purchases is to reduce the Company's
share capital. Ordinary Shares acquired by Investec and Panmure Liberum under
the agreement will be sold to the Company and held in treasury. Shares held in
treasury do not rank for dividends.

Any acquisitions of shares will be carried out in accordance with the
Company's general authority to repurchase Ordinary Shares granted by
shareholders at its 2025 AGM (the "Existing Authority") and Rule 9.6 of the
FCA's Listing Rules. Details of the Existing Authority can be found on our
website (at Result of AGM
(https://otp.tools.investis.com/clients/uk/pollen_street_plc/rns/regulatory-story.aspx?cid=2959&newsid=1955013&culture=en-GB&val=638966689797499327)
and the notes referenced therein). The Buyback Programme will terminate if:
(i) the Existing Authority is not renewed at the 2026 AGM; or (ii) the
Existing Authority expires in accordance with its terms. The Group will seek
to make market purchases of Ordinary Shares at a price or prices that the
Group believes will be good value for shareholders. In view of the level of
trading liquidity in the Company's Ordinary Shares, the Group may make
purchases in excess of the price and volume restrictions set out in Article
5(1) of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of
Retained EU Law as defined in the European Union (Withdrawal) Act 2018) and
the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of
Retained EU Law as defined in the European Union (Withdrawal) Act 2018),
subject to prevailing market conditions and liquidity.

The Buyback Programme will run from and including 5 November 2025 until 5
November 2026. The number of shares to be purchased under the Buyback
Programme will not exceed 9,111,497 shares.

Any repurchase of Ordinary Shares will be announced no later than 7:30 am on
the business day following the calendar day on which the repurchase occurred.
There is no guarantee that the Buyback Programme will be implemented in full
or that any Ordinary Shares will be repurchased by the Company.

 

About Pollen Street

Pollen Street is an alternative asset manager dedicated to investing within
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 high quality investors and deploys it
into its Private Equity and Private Credit strategies. The strong recurring
revenues from this business enable delivery of scalable growth.

 

The Investment Company invests in the strategies of the group delivering
attractive risk adjusted returns and accelerating growth in third-party AuM of
the Asset Manager through investing in Pollen Street funds, taking advantage
of attractive investment opportunities and aligning interest with our
investors to grow AuM. Today the portfolio is largely invested in credit
assets with the allocation to Private Equity expected to increase to 30 per
cent in the long term. 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) and is a
member of the FTSE 250 index. Further details are available at
www.pollenstreetgroup.com (http://www.pollenstreetgroup.com) .

 

For further information about this announcement please contact:

 

Pollen Street - Corporate Development Director

Shweta Chugh

+44 (0)20 3965 5081

 

Barclays Bank plc - Joint Broker

Neal West/ Stuart Muress

+44 (0)20 7623 2323

 

Investec Bank plc - Joint Broker

Ben Griffiths / Kamalini Hull

+44 (0)20 7597 4000

 

Panmure Liberum

Mark O'Hara

+44 (0)203 100 2061

 

FGS Global

Chris Sibbald / Anna Tabor

PollenStreetCapital-LON@fgsglobal.com
(mailto:PollenStreetCapital-LON@fgsglobal.com)

 

MUFG Corporate Governance Ltd - Company Secretary

Sara Stebbing

POLNcosec@cm.mpms.mufg.com (mailto:POLNcosec@cm.mpms.mufg.com)

 

 

 

 

 

LEI: 894500LP94M98N8CY487

 

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