REG - Manolete Partners - Appointment of Chairman Designate

Manolete PartnersAnnouncement

23/06/2021 07:00

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RNS Number : 7635C  Manolete Partners PLC  23 June 2021

23 June 2021

 

MANOLETE PARTNERS PLC

 

("Manolete" or the "Company")

 

Appointment of Chairman Designate

 

Manolete (AIM: MANO), the leading UK-listed insolvency litigation financing
company, today announces the appointment of Lord Leigh of Hurley as Senior
Independent Director and Chairman Designate.  He will succeed the present
Chairman, Mr. Peter Bertram at the conclusion of Manolete's forthcoming Annual
General Meeting ('AGM').  Mr. Bertram, who has been Non-Executive Chairman
since November 2018, will retire as Non-Executive Chairman and from the Board
on the same date.

 

Howard Leigh is a qualified Chartered Accountant. In 1988 he set up Cavendish
Corporate Finance LLP where he remains Senior Partner. In 2000, Howard was
appointed as the Chairman of the Faculty of Corporate Finance of the Institute
of Chartered Accountants in England and Wales (ICAEW). In 2008, he was awarded
the Faculty's Outstanding Achievement in Corporate Finance award.

 

In 2018, Cavendish merged with finnCap and the new group - finnCap Group plc -
was listed on the London AIM market. He is the Senior Treasurer of the
Conservative Party and chairs four charities. In 2013, Howard was elevated to
the Peerage as Lord Leigh of Hurley.

 

Steven Cooklin, Chief Executive Officer, said: "Howard has a tremendous record
in the financial services sector. His experience will prove to be invaluable
as we look to continue to grow the business. I am delighted that we have been
able to attract someone of his calibre as Chairman Designate and I look
forward to working with him closely.

 

"I would also like to record our great thanks to Peter Bertram for his expert
guidance and leadership of the Board in the lead up to our IPO in 2018, and
the role he played to help position Manolete as a well-established listed
company."

 

Lord Leigh of Hurley, Chairman Designate, said: "'I am delighted to have been
appointed as Chairman Designate of Manolete. Steven and his team have built a
first-rate business which occupies a unique position in the litigation finance
sector. I am really looking forward to working with everyone to grow the
business further in the coming months and years."

 

Peter Bertram, Outgoing Chairman, said: "I have thoroughly enjoyed my time as
Non-Executive Chairman of Manolete. Since the IPO, we have made excellent
progress and the business is well positioned for further growth. I feel now is
the right time to step back and retire from the Board, and in Lord Leigh of
Hurley, the Board has found an excellent candidate with highly relevant
experience. I wish him, Steven and everyone at Manolete every success for the
future."

 

Additional information

 

The following information is disclosed pursuant to Rule 17 and paragraph (g)
of Schedule 2 of the AIM Rules for Companies.

 

Lord Howard Darryl Leigh of Hurley, aged 62, is or has during the last five
years been a director or partner of the following companies and partnerships:

 

 Current directorships                               Previous directorships
 Craig & Company (Properties) Limited                Blue Inc (UK) Limited
 Station Court (Wembley) Management Company Limited  Leighstel 2 Limited
 Dependable Homes Limited                            Leighstel 1 Limited
 Dependable Investments Limited                      M&A International Partners Limited
 City and Suburban Investments Limited               Cavendish Corporate Services Limited
 Dennis Reed Limited                                 Cavendish Corporate Finance (UK) Limited
 Dependable Properties Limited                       finnCap Group plc
 Cavendish Corporate Finance LLP

 

Lord Howard Darryl Leigh of Hurley was a director of Blue Inc (UK) Limited for
a short period from April 2015 to December 2016. In March 2017 Blue Inc (UK)
Limited entered into a Company Voluntary Arrangement.

 

Lord Howard Darryl Leigh of Hurley and persons closely associated with him
hold in aggregate 70,000 ordinary shares of Manolete Partners plc.

 

Save as disclosed above, there is no further information required to be
disclosed in respect of Lord Howard Darryl Leigh of Hurley pursuant to
Schedule 2, paragraph (g) of the AIM Rules for Companies.

 

For further information please contact:

 

Manolete Partners:

Steven Cooklin (Chief Executive Officer)              via
Instinctif Partners

 

Peel Hunt (NOMAD and Broker )                       +44
(0)20 7418 8900

James Britton

Rishi Shah

Duncan Littlejohns

 

Instinctif Partners (Financial PR)
manolete@instinctif.com (mailto:manolete@instinctif.com) / +44 (0)20 7457 2020

Lewis Hill

George Peele

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