TIDMMANO

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      Percentage   Ordinary      Number      Percentage 
  of Ordinary    of issued    shares     of Ordinary    of issued 
    Shares         share       sold        Shares         share 
                  capital                                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                     INITIAL NOTIFICATION 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 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                       MANOLETE PARTNERS PLC ORDINARY SHARES 
        financial instrument,                    OF 0.4P EACH 
        type of instrument 
 
       Identification code                      ISIN: GB00BYWQCY12 
 
 b)    Nature of the transaction                SALE OF ORDINARY SHARES 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP1.80                                                            250,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      250,000 
 
  - Price                                  GBP450,000 
 
 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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END

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February 10, 2021 02:00 ET (07:00 GMT)

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