TIDMPOLN

RNS Number : 7562Q

Pollen Street PLC

23 February 2023

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM),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 31 December 2022.

The dividend will be paid on 31 March 2023 to holders of ordinary shares on the register as of 3 March 2023. 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 2 March 2023.

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 10 March 2023.

For further information about this announcement please contact:

Computershare Investor Services PLC

Registrar

Tel: +44 (0) 370 707 4023

23 February 2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DIVPPUBWPUPWGQP

(END) Dow Jones Newswires

February 23, 2023 02:00 ET (07:00 GMT)

Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Honeycomb Investment Charts.
Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Honeycomb Investment Charts.