HONY Honeycomb Investment Trust Plc

TIDMPOLN

RNS Number : 4945G

Pollen Street PLC

15 November 2022

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Pollen Street plc (the "Company")

DIVIDEND DECLARATION

The Directors of Pollen Street plc have declared an interim dividend of 16.00 pence per eligible ordinary share (as set out below) for the three-month period to 30 September 2022.

The dividend will be paid on 23 December 2022 to holders of ordinary shares on the register as of 2 December 2022. Former shareholders of Pollen Street Capital Holdings Limited ("PSCHL"), who received ordinary shares as consideration for the Company's completed acquisition of PSCHL (the "Combination"), have waived ordinary dividends payable to them in both 2022 and 2023 on approximately 50.0 per cent. of such consideration shares, pursuant to the terms of the Combination. As a result, the interim dividend will be paid on 49,473,264 ordinary shares. Further information is available in the prospectus dated 26 September 2022, which is available on the Company's website. The ex-dividend date is 1 December 2022.

The Company has elected to designate all the interim dividend for the period, as an interest distribution to its shareholders. In doing so, the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.

Investors who wish to join the Dividend Reinvestment Plan should complete the Company form which can be found on the Registrar's website http://www.computershare.com/uk/individuals/im-a-shareholder/dividend-reinvestment-plan or telephone 0370 707 1694.

The last date for receipt for elections for the Dividend Reinvestment Plan is 9 December 2022.

For further information about this announcement please contact:

Computershare Investor Services PLC

Registrar

Tel: +44 (0) 370 707 4023

15 November 2022

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END

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November 15, 2022 08:39 ET (13:39 GMT)

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