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:
shareholders@pollencap.com / +44 (0)20 3728 6750
Pollen Street - Corporate
Development Director
Shweta Chugh
shweta.chugh@pollencap.com
+44 (0)7813581377
FGS Global - Communications
Advisor
Chris Sibbald
Chris.Sibbald@fgsglobal.com
+44 (0)7855955531
Barclays Bank plc - Joint
Broker
Neal West / Stuart Muress
+44 (0)20 7623 2323
Investec Bank plc - Joint Broker
Ben Griffiths / Bruce
Garrow
+44 (0)20 7597 4000
Link Company Matters Limited -
Company Secretary
polncosec@linkgroup.co.uk
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.