TIDMMANO

RNS Number : 7315F

Manolete Partners PLC

18 November 2020

18 November 2020

MANOLETE PARTNERS PLC

("Manolete" or the "Company")

Large Case Update

Manolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, announced on 12 November 2020 that one of its larger portfolio cases had settled for GBP7.5m of which Manolete's entitlement is GBP2.8m (GBP120k costs reimbursed plus profit share of GBP2.68m). The Company is pleased to announce that the defendants have now paid their first instalment of GBP2.5m (which was due on or before 20 November 2020) of which Manolete's retained share is GBP1.48m. Manolete expects to receive its remaining entitlement of GBP1.32m on or before 31 December 2021.

For further information please contact:

Manolete Partners:

   Steven Cooklin (Chief Executive Officer)                   via Instinctif Partners 
   Peel Hunt (NOMAD and Joint Broker)                    +44 (0)20 7418 8900

James Britton

Rishi Shah

Duncan Littlejohns

   Liberum (Joint Broker)                                             +44 (0)20 3100 2000

Richard Crawley

James Greenwood

   Instinctif Partners (Financial PR)                           +44 (0)7837 674600

Tim Linacre

Lewis Hill

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(END) Dow Jones Newswires

November 18, 2020 05:29 ET (10:29 GMT)

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