Investec Bank plc (INVP.L) offloaded 2,524 ordinary shares in Pollen Street Group Limited (POLN.L) on 2 November 2026, with prices holding within a tight one-penny band.
The shares changed hands at a high of 930p and a low of 929p per unit, reflecting closely matched conditions across the transactions executed that day.
The sale was disclosed publicly on 3 November 2026 under Rule 8.5 of the Takeover Code, which governs dealing disclosures by exempt principal traders acting in a client-serving capacity.
Investec holds recognised intermediary status under the Code, meaning it is permitted to deal on behalf of clients while remaining subject to mandatory transparency obligations.
The bank’s connection to the transaction is direct: Investec serves as Joint Broker to Pollen Street Group Limited, placing it firmly within the disclosure framework that the Code requires.
The filing covers only ordinary share sales, with no cash-settled derivatives, stock-settled derivatives, or options of any kind recorded in connection with the dealing.
Investec also confirmed there are no indemnity arrangements, option understandings, or formal or informal agreements relating to voting rights or future acquisition of relevant securities tied to this activity.
The disclosure, classified under Form 8.5 for exempt principal traders with recognised intermediary status, was submitted to a Regulatory Information Service as required by the Panel on Takeovers and Mergers.
Such filings are a routine but legally significant part of the transparency architecture surrounding UK takeover activity, ensuring market participants can track movements by connected intermediaries.
The contact listed on the disclosure is Abhishek Gawde, reachable by telephone, with the Panel’s own Market Surveillance Unit separately available for guidance on dealing disclosure obligations under the Code.
Pollen Street Group Limited is an alternative asset manager, and any dealings by connected brokers during an offer period attract heightened scrutiny under the UK’s takeover regulatory framework.
Investec Bank plc operates across multiple listings, with its shares tracked under the tickers INVP.L in London and INL.JO in Johannesburg, reflecting its dual-market presence.
