REG - Manolete Partners - Director/PDMR Shareholding

Manolete PartnersAnnouncement

23/10/2019 11:40

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 £1 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 /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
 
MANO
ISIN GB00BYWQCY12




(b)


Nature of the transaction


The pledge of 3,400,000 shares as security against a personal loan of £1,000,000




(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)                        +44 (0)20 7418 8900                            
Guy Wiehahn
Rishi Shah
 
Instinctif Partners                                                         +44 (0)20 7457 2020
Tim Linacre
Katie Bairsto
Lewis Hill
 




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