Pollen Street Secured Lending plc (LSE:PSSL) said the UK Panel on Takeovers & Mergers has allowed another extension to Waterfall Asset Management, LLC's cash offer deadline and announced it is considering a run-off of the company and return of capital. At the request of Pollen Street Secured Lending's directors, the panel has allowed the deadline to be extended to July 14, 2020 "to enable the parties to continue their ongoing discussions". The deadline had already been extended in March, April, and May, 2020. "Having consulted with shareholders holding a significant majority of its shares in recent weeks the board has agreed to the extension of the relevant deadline because it believes, in the light of the continued commitment of Waterfall and the company's largest shareholder, it remains in the best interests of the company and shareholders to continue to seek to bring the possible offer to the point where it can be formally considered," said Pollen Street Secured Lending. The terms of an offer made are subject to due diligence completion by Waterfall.