Manolete Partners PLC Director/PDMR Shareholding (8844Q)

TIDMMANO

RNS Number : 8844Q

Manolete Partners PLC

23 October 2019

23 October 2019

Manolete Partners Plc

("Manolete" or the "Company")

Director/PDMR Shareholding

The Company announces that on 23 October 2019, the Chief Executive, Steven Cooklin, who is a significant shareholder of the Company, pledged 3.4 million ordinary shares in the Company as security against a personal loan of GBP1 million primarily to fund personal tax liabilities and the completion of his home renovation in London.

Peel Hunt, the Company's NOMAD and Sole Broker, has waived Mr Cooklin's IPO lock-in arrangement for this pledge. The lock-in arrangement agreed at IPO continues to remain in force.

Following the pledge, Mr Cooklin's beneficial interest in the Company remains unchanged and he continues to be the beneficial owner of 7,842,199 Ordinary Shares, comprising 18% of the Company's issued share capital.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:

 
 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 financial      Ordinary shares of 0.4 pence each 
        instrument, type of instrument 
        Identification code               MANO 
                                          ISIN GB00BYWQCY12 
      --------------------------------  ------------------------------------------- 
 (b)   Nature of the transaction         The pledge of 3,400,000 shares as security 
                                          against a personal loan of GBP1,000,000 
      --------------------------------  ------------------------------------------- 
 (c)   Price(s) and volume(s)            Price: n/a 
                                          Volume: n/a 
      --------------------------------  ------------------------------------------- 
 (d)   Aggregated information            Price: n/a 
                                          Volume: n/a 
      --------------------------------  ------------------------------------------- 
       Date of the transaction           23 October 2019 
      --------------------------------  ------------------------------------------- 
       Place of the transaction          London Stock Exchange (XLON), AIM Market 
      --------------------------------  ------------------------------------------- 
 

For further information please contact:

Manolete Partners

   Steven Cooklin (Chief Executive Officer)                      via Instinctif Partners 
   Peel Hunt (NOMAD and Sole Broker)                        [phone] 

Guy Wiehahn

Rishi Shah

   Instinctif Partners                                                         [phone] 

Tim Linacre

Katie Bairsto

Lewis Hill

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October 23, 2019 06:38 ET (10:38 GMT)