A uniform price of 910 pence per share defined all trading activity Investec Bank plc conducted in Pollen Street Group (POLN.L) ordinary shares on 27th October 2026.
Acting in a client-serving capacity, Investec purchased 1,026 ordinary shares in Pollen Street Group while simultaneously selling 513 shares at the same fixed price.
The net result left Investec with a positive dealing balance of 513 shares on the day, with no price variation recorded across either the purchase or sale transactions.
Investec Bank plc (INVP.L) filed the disclosure on 28th October 2026 under Rule 8.5 of the Takeover Code, which governs public dealing disclosures by exempt principal traders.
The bank holds recognised intermediary status and is classified as an exempt principal trader, meaning it was dealing in a capacity designed to serve clients rather than taking a proprietary position.
Investec’s role in the Pollen Street Group situation is formally defined as Joint Broker to the company, establishing a direct connection between the trader and a named party to the offer.
The filing confirmed no cash-settled derivative transactions took place, nor were any stock-settled derivatives or options written, purchased, or exercised during the dealing period.
Investec also declared there are no indemnity arrangements, option agreements, or understandings with any party to the offer that might constitute an inducement to deal or refrain from dealing.
Similarly, no agreements exist relating to voting rights on relevant securities under any option, nor any arrangements governing future acquisition or disposal of securities tied to a derivative reference.
The disclosure was submitted to a Regulatory Information Service in line with requirements set out by the Takeover Panel, which oversees compliance with the Code across all parties involved in offer situations.
Gary Darch is listed as the contact for the filing, reachable at 02075974549, with the Panel’s Market Surveillance Unit separately available for dealing disclosure consultations.
Pollen Street Group’s London-listed shares carried the POLN.L ticker throughout the disclosure period, with Investec’s own London and Johannesburg listings tracked under INVP.L and INL.JO respectively.
