1 August 2023
Manolete Partners Plc
("Manolete" or the "Company")
Grant of Share Options
Manolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, announces that on 31 July 2023, the deferred bonus award granted to Mark Tavener for the Company's financial year ended 31 March 2022, comprising of an option over 16,058 ordinary shares of £0.004 each, vested in full. The option has a per share exercise price equal to the nominal value of a share.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. The announcement, including the notification(s) below, is made in accordance with the requirements of the Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Mark Wrenford Tavener | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Financial 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 | Ordinary shares of 0.4p | ||||
| Identification code | GB00BYWQCY12 | |||||
| b) | Nature of the transaction | Vesting of options over ordinary shares with an exercise price per ordinary share equal to the nominal value of an ordinary share | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | See 4 (c) above
| ||||
| e) | Date of the transaction | 31 July 2023
| ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
For further information, please contact:
| Manolete Partners Plc Steven Cooklin (Chief Executive Officer)
| via Instinctif Partners |
| Peel Hunt (NOMAD and Broker) Paul Shackleton
| +44 (0)20 7418 8900
|
| Instinctif Partners (Financial PR) Tim Linacre Victoria Hayns
| +44 (0)78 3767 4600 |
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