30 April
2024
Pollen Street Group
Limited
Annual Report and Accounts
for the year ended 31 December 2023
The Report and Accounts for Pollen
Street Group Limited have been published today and submitted in
full unedited text to the Financial Conduct Authority's National
Storage Mechanism. They will be available shortly for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Annual Report and Accounts are
also available at http://www.rns-pdf.londonstockexchange.com/rns/4985M_1-2024-4-29.pdf and
on the Company's website
https://ir.pollenstreetgroup.com/investors/financial-information/.
Pollen Street Group Limited is the
new parent company of Pollen Street Limited (previously Pollen
Street plc), whose Annual Report and Accounts were published on 21
March 2024. During 2023 Pollen Street Group Limited's only activity
was to establish its governance structure and prepared for the
Scheme of Arrangement that completed on 24 January 2024. It did not
conduct any other business and its profits in 2023 and 2022 were
nil.
This announcement is made in
accordance with DTR 4.13 and DTR 6.3.5(1A) of the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
ENDS
For further information about this
announcement please contact:
Pollen Street - Corporate Development
Director
Shweta Chugh
shweta.chugh@pollencap.com
+44 (0)7813581377
Link Company Matters Limited - Company
Secretary
Polncosec@linkgroup.co.uk
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
Bruce Garrow / Ben
Griffiths
+44 (0)20 7597 4000
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 helping to scale
existing funds and seed new strategies. Today the portfolio is a
well-diversified pool of primarily senior asset-backed Credit
Assets generating strong returns at conservative loan to value
ratios ("LTVs"). 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.
LEI: 894500LP94M98N8CY487