Manolete Partners PLC Grant of Share Options (2291V)

TIDMMANO

RNS Number : 2291V

Manolete Partners PLC

02 December 2019

2 December 2019

Manolete Partners Plc

("Manolete" or the "Company")

Grant of Share Options

Manolete (AIM:MANO), a leading UK insolvency litigation financing company, announces that on 29 November 2019 the Company's Chief Financial Officer, Mark Tavener, was granted options over 6,451 ordinary shares of 0.4p each in the Company ("Ordinary shares") pursuant to Part A of the Manolete Partners Plc Company Share Option Plan 2018. The options, which are subject to an exercise price of GBP4.65 per share, will vest on a one-third per annum basis but may not be exercised until the third anniversary of the date of grant.

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                                     Mark Wrenford Tavener 
      ---------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial 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                       Option to acquire Ordinary shares 
        financial instrument,                    at an exercise price of GBP4.65 per 
        type of instrument                       share 
 
       Identification code                      ISIN: GB00BYWQCY12 
 
 b)    Nature of the transaction                Grant of an option over shares pursuant 
                                                 to Part A of the Manolete Partners 
                                                 Plc Company Share Option Plan 2018 
      ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ---------------------  -------------------- 
                                                 Price(s)               Volume(s) 
                                                ---------------------  -------------------- 
    GBP0.00                                                             6,451 
   ------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      6,451 
 
  - Price                                  GBP0.00 
 
 e)    Date of the transaction                  29 November 2019 
      ---------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                 London 
      ---------------------------------------  ---------------------------------------------- 
 

For further information, please contact:

Manolete Partners Plc via Instinctif Partners

Steven Cooklin

   Peel Hunt (NOMAD and Sole Broker)                                     [phone] 

Guy Wiehahn

Rishi Shah

   Instinctif Partners (Financial PR)                                           [phone] 

Tim Linacre

Lewis Hill

Katie Bairsto

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December 02, 2019 02:01 ET (07:01 GMT)