Pollen Street Secured Lending to hold its AGM in… a service station car park?

By Oliver Smith on Friday 5 June 2020

Alternative Lending

Welcome to the new world of socially-distant finance.

Pollen Street Secured Lending to hold its AGM in… a service station car park?
Image source: Cobham service station/Wikipedia.

Cobham motorway service station on the M25 in Surrey has been announced as the venue of the annual general meeting of Pollen Street Secured Lending on 30 June.

It’s actually the third time during coronavirus lockdown that Cobham’s infamous services have hosted an AGM, with both VPC Specialty Lending Investments and AVI Japan Opportunity Trust having used the location.

Forget McDonalds and a Costa Coffee however as, by location, it’s actually the service station car park which is being used for a quorate number of members to meet including chair Simon King, while all other shareholders can dial-in to listen. 

Given PSSL is in the midst of a takeover by Waterfall Asset Management, at the same time as it fired fund manager Pollen Street Capital in February, there are set to be some interesting takeaways (excuse the pun).

Pollen Street Capital was calling on shareholders to appoint new board members, while PSSL was threatening legal action on the fund manager.

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