17 October 2024
Manolete Partners PLC
("Manolete" or the "Company")
Director/PDMR Dealings
Manolete Partners Plc (AIM:MANO), the leading quoted UK insolvency litigation financing company has been notified that Steven Cooklin, Chief Executive Officer and PDMR, has today instructed the transfer of a total of 2,500,000 ordinary shares of 0.4p each in the Company ("Ordinary Shares"), into trusts for his sons, as part of his family inheritance planning.
The beneficiaries of the trusts are not defined as persons closely associated with Steven Cooklin under the EU Market Abuse Regulations.
Following the transfer, Steven Cooklin's resultant interest in Ordinary Shares is 4,342,199, representing 9.92 per cent. of Manolete's issued share capital.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Steven Cooklin
| |
| 2 | Reason for the notification | ||
| a) | Position/status
| PDMR, 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
Identification code
| Ordinary Shares of 0.4 pence each
ISIN: GB00BYWQCY12
| |
| b)
| Nature of the transaction
| Transfer of Ordinary Shares into family trusts
| |
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil consideration
| 1,250,000
| ||
| Nil consideration
| 1,250,000
| ||
| d)
| Aggregated information
- Aggregated volume
- Price
|
2,500,000 Ordinary shares
Nil consideration | |
| e)
| Date of the transaction
| 17 October 2024
| |
| f)
| Place of the transaction
| Outside a trading venue | |
For further information please contact:
| Manolete Partners | via Instinctif Partners |
| Steven Cooklin (Chief Executive Officer) |
|
|
|
|
| Canaccord (NOMAD and Sole Broker) | +44 (0)20 7523 8000 |
| Emma Gabriel |
|
| | |
| Instinctif Partners | +44 (0)20 7457 2020 |
| Hannah Scott Tim Linacre
| |
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