Pollen Street Capital calls for PSSL shareholders to sack board

'Strategic review' needed

Pollen Street Capital (PSC) has urged shareholders in Pollen Street Secured Lending (PSSL) to sack the investment company’s board and appoint their own representatives.

PSC, the company's manager, slammed the board's decision to place strict operational restrictions on it, claiming it "is severely [constraining] in its ability to manage PSSL on a day-to-day basis, which PSC believes risks causing real damage to PSSL and its shareholders". The firm urged PSSL shareholders to force its own representatives onto the board to ensure it "has the relevant expertise and, if necessary, to lead a strategic review of the options available to PSSL before significant and permanent damage to PSSL occurs". PSC said it had "notified the FCA of the effect these are h...