Director/PDMR Dealings

RNS Number : 5286O
Manolete Partners PLC
10 February 2021
 

10 February 2021

Manolete Partners Plc

 

("Manolete" or the "Company")

 

Director/PDMR Dealings

 

Manolete (AIM:MANO), the leading listed insolvency litigation financing firm in the UK, announces that Steven Cooklin, Chief Executive Officer, has sold a further 250,000 ordinary shares of 0.4p each in the Company ("Ordinary shares") on 9 February 2021. This transaction completes Mr Cooklin's sell order of 1,000,000 Ordinary shares.

 

Mr Cooklin continues to hold approximately 15.7% of the Company's issued share capital as set out below:

 

Prior Holding

 

Resultant Holding

Number of Ordinary Shares

Percentage of issued share capital

Ordinary shares sold

Number of Ordinary Shares

Percentage of issued share capital

7,092,199

16.3%

250,000

6,842,199

15.7%

 

Mr Cooklin has confirmed that he has no intention to sell any further Ordinary shares for a period of at least 3 months, and intends to follow an orderly marketing process for a further 3 months, subject to certain customary limited exceptions.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

STEVEN COOKLIN

2

 

Reason for the notification

 

a)

 

Position/status

 

 

CHIEF EXECUTIVE OFFICER

b)

 

Initial notification /Amendment

 

 

INITIAL NOTIFICATION

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

MANOLETE PARTNERS PLC

b)

 

LEI

 

 

213800R2X9V3KWCC4H47

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

MANOLETE PARTNERS PLC ORDINARY SHARES OF 0.4P EACH

 

 

Identification code

ISIN: GB00BYWQCY12

 

 

b)

 

Nature of the transaction

 

 

SALE OF ORDINARY SHARES

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£1.80

250,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

250,000

 

 

- Price

£450,000

 

 

e)

 

Date of the transaction

 

 

9 FEBRUARY 2021

f)

 

Place of the transaction

 

 

LONDON STOCK EXCHANGE

 

 

For further information, please contact:

 

Manolete Partners Plc   via Instinctif Partners

Steven Cooklin (Chief Executive Officer)

 

Peel Hunt (NOMAD and Sole Broker)  +44 (0)20 7418 8900

James Britton

Rishi Shah

Duncan Littlejohns

 

Instinctif Partners (Financial PR) 

Tim Linacre                                                                                +44 (0)79 4993 9237

Lewis Hill

 

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