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
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.
