REG - Pollen Street Group - Directorate Change

Pollen StreetAnnouncement

21/10/2024 07:00

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RNS Number : 8562I  Pollen Street Group Limited  21 October 2024

21 October 2024

Pollen Street Group Limited - Directorate Change

Pollen Street Group Limited ("Pollen Street" or "the Group", LSE: POLN)
announces today that Lucy Tilley stepped down as Chief Financial Officer and
Executive Director of the Board by mutual agreement on 18 October 2024.

Robert Sharpe, Company Chairman commented:

"We wish Lucy well for the future. The Group's finance function remains well
placed to support Pollen Street's ongoing operations and has benefited from
significant investment in the team this year. The Board is carefully
considering a future appointment and will update the market in due course."

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

 

FGS Global

Chris Sibbald / Anna Tabor

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

 

Notes:

1.     Lucy Tilley will receive a payment in lieu of her contractual
notice period and benefits under her service contract with Pollen Street, but
there is no other remuneration payment or payment for loss of office in
connection with her departure. This will be confirmed on the Company's website
in accordance with section 430(2B) of the Companies Act 2006.

About Pollen Street Group Limited

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 expect 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). Further
details are available at www.pollenstreetgroup.com
(http://www.pollenstreetgroup.com) .

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