Director/PDMR Shareholding

Pollen Street Group Ltd

25 March 2024

 

25 March 2024

Pollen Street Group Limited ("Pollen Street" or the "Group")

Director/PDMR Dealing

Pollen Street announces that it has been notified of the following transactions in the Company's Ordinary shares of 1 pence each ("Shares") undertaken by Persons Discharging Managerial Responsibilities ("PDMRs").

Pollen Street partners, Michael England, Matthew Potter and Ian Gascoigne (the "Selling Partners"), have sold in aggregate 250,000 POLN Shares to two senior members of the business development team, including William Tice.

The sale of Shares was arranged to align the incentivisation of the senior business development employees in a way which was non-dilutive to the wider shareholder base. The impact of the sales on the overall holdings of the Selling Partners is limited, representing in each case a transfer of 0.13% of the POLN Shares at the time of the trade.

In addition to the above, William Tice purchased 240,000 Shares in the market.

Separately, Ian Gascoigne has transferred 150,000 Shares to The Ian And Santa Gascoigne Charitable Foundation (the "Foundation") at a transfer price of 619p per Share. Ian is a Trustee of the Foundation and therefore the transfer is deemed to have no net impact on his resultant holdings.

Following the transactions above, the resultant holdings for each of the PDMRs is as follows:

PDMR	Previous holding	Purchase	Sale	Resultant holding	Resultant holding (%)
Michael England	3,484,419	-	83,334	3,401,085	5.30
Matthew Potter	3,539,272	-	83,334	3,455,938	5.38
Ian Gascoigne	2,700,501	-	83,332	2,617,169	4.08
William Tice	0	365,000	-	365,000	0.57

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael England
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pollen Street Group Limited
b)	LEI	894500LP94M98N8CY487
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares ISIN: GG00BMHG0H12
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 6.19 83,334
d)	Aggregated information   - Aggregated volume   - Price	N/A
e)	Date of the transaction	21 March 2024
f)	Place of the transaction	Off exchange (XOFF).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Potter
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pollen Street Group Limited
b)	LEI	894500LP94M98N8CY487
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares ISIN: GG00BMHG0H12
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 6.19 83,334
d)	Aggregated information   - Aggregated volume   - Price	N/A
e)	Date of the transaction	21 March 2024
f)	Place of the transaction	Off exchange (XOFF).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Gascoigne
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pollen Street Group Limited
b)	LEI	894500LP94M98N8CY487
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares ISIN: GG00BMHG0H12
b)	Nature of the transaction	(i)         Sale of shares (ii)         Transfer of shares to Trustees of The Ian & Santa Gascoigne Charitable Foundation
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) GBP 6.19 83,332 (ii) GBP 6.19 150,000
d)	Aggregated information   - Aggregated volume   - Price	Aggregated volume - 233,332 Price - GBP 6.19
e)	Date of the transaction	21 March 2024
f)	Place of the transaction	Off exchange (XOFF).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Tice
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pollen Street Group Limited
b)	LEI	894500LP94M98N8CY487
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares ISIN: GG00BMHG0H12
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 6.19 83,334 GBP 6.19 83,334 GBP 6.19 83,332 GBP 6.19 240,000*
d)	Aggregated information   - Aggregated volume   - Price	Aggregate volume - 365,000 Price - GBP 6.19
e)	Date of the transaction	21 March 2024
f)	Place of the transaction	Off exchange (XOFF). *On market XLON

Enquiries:

For further information about this announcement please contact:

Pollen Street

Shareholder Relations: [e-mail] / [phone]

Pollen Street - Corporate Development Director

Shweta Chugh

[e-mail]

[phone]

FGS Global - Communications Advisor

Chris Sibbald

[e-mail]

[phone]

Barclays Bank plc - Joint Broker

Neal West / Stuart Muress

[phone]

Investec Bank plc - Joint Broker

Ben Griffiths / Bruce Garrow

[phone]

Link Company Matters Limited - Company Secretary

[e-mail] 

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.

 

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