Pollen Street PLC Directorate Change (6132Z)
15 January 2024 - 6:00PM
UK Regulatory
TIDMPOLN
RNS Number : 6132Z
Pollen Street PLC
15 January 2024
FOR IMMEDIATE RELEASE
15 January 2024
Pollen Street plc - Directorate Change
Pollen Street plc today announces that Lucy Tilley will join the
Company as its next Chief Financial Officer. Lucy will also join
the Board as an executive director. Lucy will succeed Julian Dale,
who will be stepping down from the Board and as Chief Financial
Officer following the publication of the 2023 financial results and
a handover period. A further announcement will be made in due
course once Lucy's start date has been confirmed.
Lucy is joining Pollen Street from Mortgage Advice Bureau
(Holdings) Plc ("MAB"), where she has been Finance Director since
2015 and Chief Financial Officer since 2019. Prior to this, Lucy
was a director in the corporate broking team at Canaccord Genuity
Limited and is a chartered accountant.
Robert Sharpe, Chairman and Lindsey McMurray, Chief Executive
Officer commented:
"On behalf of the Board we are delighted to be welcoming Lucy
Tilley to the Company. Lucy brings a wealth of experience, which
will help drive the Group through its next phase of growth. We
would also like to take the opportunity to thank Julian for his
dedication and contribution to the Group over the past 5
years."
Notes:
1. Remuneration arrangements
A statement containing the information required by Section
430(2B) of the Companies Act 2006 will be added to the company's
website in due course. The Company also confirms that Lucy Tilley's
remuneration will be in line with the Remuneration Policy adopted
by the Company.
2. Regulatory disclosure
The Company confirms that in respect of Listing Rule 9.6.13(R),
Lucy Tilley is an executive director of MAB. There are no details
to disclose in respect of Listing Rule 9.6.13R (2)-(6).
About Pollen Street plc
Pollen Street plc 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.
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 top tier investors and
deploys it into its Private Equity and Private Credit strategies.
The strong recurring revenues from this business enable us to
deliver scalable growth.
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.
POLN is listed on the London Stock Exchange (ticker symbol:
POLN). Further details are available at www.pollencap.com .
For further information about this announcement please
contact:
Barclays Bank plc - Joint Broker
Neal West / Stuart Muress
+44 (0)20 7623 2323
Liberum Capital Limited - Joint Broker
Chris Clarke / Edward Mansfield
+44 (0)20 3100 2000
FGS Global
Chris Sibbald
Chris.Sibbald@fgsglobal.com
+44 (0)7855955531
Link Company Matters Limited - Corporate Secretary
polncosec@linkgroup.co.uk
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END
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