Pollen Street PLC HIGH COURT APPROVES SCHEME OF ARRANGEMENT (5249A)
2024年1月23日 - 3:17AM
RNSを含む英国規制内ニュース (英語)
TIDMPOLN
RNS Number : 5249A
Pollen Street PLC
22 January 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
THIS IS AN ANNOUNCEMENT AND NOT A PROSPECTUS OR EQUIVALENT
DOCUMENT. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF,
AND SHOULD NOT BE CONSTRUED AS, ANY OFFER, INVITATION OR
RECOMMENDATION TO PURCHASE, SELL OR SUBSCRIBE FOR ANY SECURITIES IN
ANY JURISDICTION AND NEITHER THE ISSUE OF THE INFORMATION NOR
ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF OR BE RELIED UPON
IN CONNECTION WITH, OR ACT AS AN INDUCEMENT TO ENTER INTO, ANY
INVESTMENT ACTIVITY
FOR IMMEDIATE RELEASE
22 January 2024
Pollen Street Plc ("Pollen Street")
Proposed introduction of Pollen Street Group Limited ("New
Holdco") as a new holding company of Pollen Street Plc by means of
a Scheme of Arrangement under Part 26 of the Companies Act 2006
(the "Scheme") and New Holdco's admission to the premium listing
segment of the Official List and to trading on the main market of
the London Stock Exchange
HIGH COURT APPROVES SCHEME OF ARRANGEMENT
Pollen Street is pleased to announce that the Court sanctioned
the Scheme at a hearing today. The Scheme will become effective
upon delivery of the Court Order to the Registrar of Companies,
which is expected to take place on 24 January 2024 (the "Scheme
Effective Date") and will result in New Holdco becoming the new
holding company of Pollen Street and its subsidiaries.
The Scheme is between Pollen Street and its shareholders and
involves the cancellation of the Pollen Street ordinary shares held
by its shareholders at 6.00 p.m. on the business day preceding the
Scheme Effective Date (the "Existing Holdco Ordinary Shares") in
exchange for the same number of ordinary shares in New Holdco (the
"New Scheme Ordinary Shares"). The rights attaching to the New
Scheme Ordinary Shares will be substantively the same as those
attaching to the Existing Holdco Ordinary Shares at the Scheme
Effective Date.
The last day of dealings in, and for registration of transfers
of, the Existing Holdco Ordinary Shares will be 23 January 2024. No
transfers of Existing Holdco Ordinary Shares will be registered
after 6.00 p.m. on 23 January 2024.
On the Scheme Effective Date, the shareholders on Pollen
Street's register of members at 6.00 p.m. on 23 January 2024 will
receive one New Scheme Ordinary Share for each Existing Holdco
Ordinary Share held.
It is expected that the New Scheme Ordinary Shares will be
admitted to the premium listing segment of the Official List and to
trading on the London Stock Exchange's main market for listed
securities at 8.00 a.m. on 24 January 2024. The listing of Existing
Holdco Ordinary Shares on the Official List of the Financial
Conduct Authority is expected to be cancelled at 8.00 a.m. on 24
January 2024.
All references to times in this Announcement are to London time,
unless otherwise stated.
Enquiries:
For further information about this announcement please
contact:
Pollen Street
Shareholder Relations: shareholders@pollencap.com / +44 (0)20
3728 6750
Liberum Capital Limited - Sponsor
Chris Clarke / Edward Mansfield / Anake Singh: +44 (0)20 3100
2000
About Pollen Street
Pollen Street 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.
The Pollen Street group 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 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.
Further information
This Announcement is for information purposes only and is not
intended to and does not constitute or form part of any offer to
sell or subscribe for or any invitation to purchase or subscribe
for or otherwise acquire or dispose of any securities or the
solicitation of any vote or approval in any jurisdiction, nor will
there be any sale, issuance or transfer of securities in any
jurisdiction in contravention of applicable law.
This Announcement does not constitute a prospectus or prospectus
equivalent document.
Overseas jurisdictions
The release, publication or distribution of this Announcement
(in whole or in part) in certain jurisdictions may be restricted by
law and therefore persons into whose possession this Announcement
comes should inform themselves about and observe any such
restrictions in relation to New Scheme Ordinary Shares or this
Announcement. Except in the United Kingdom, no action has been
taken or will be taken in any jurisdiction that would permit
possession or distribution of this Announcement in any country or
jurisdiction where action for that purpose is required.
Accordingly, this Announcement may not be distributed or published
in any jurisdiction where to do so would breach any securities laws
or regulations of any such jurisdiction or give rise to an
obligation to obtain any consent, approval or permission, or to
make any application, filing or registration. Failure to comply
with these restrictions may constitute a violation of the
securities laws or regulations of such jurisdictions.
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January 22, 2024 13:17 ET (18:17 GMT)
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