REG - Manolete Partners - Grant of Share Options

Manolete PartnersAnnouncement

03/12/2021 07:00

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RNS Number : 4416U  Manolete Partners PLC  03 December 2021

3 December 2021

Manolete Partners plc

("Manolete" or the "Company")

Grant of Share Options

 

Manolete, a leading UK insolvency litigation financing company announces that
on 2 December 2021, it granted nominal cost share options over ordinary shares
of 0.4p each in the Company to its executive directors as set out in the table
below.

 

 Director               Number of shares subject to option
 Steven Cooklin         172,235
 Mark Wrenford Tavener  66,579

 

The options were granted under the Company's share option plan and will vest
subject to the satisfaction of performance conditions based on (with equal
weighting) (i) earnings per share for the Company's financial year ended 31
March 2024 and (ii) average share price over the three months preceding the
third anniversary of the grant of the options. Sliding scale performance
targets apply, with 25% of the relevant portion of each option vesting for
threshold performance, rising on a straight-line basis for full vesting of the
relevant portion of each option for stretch performance or better.

 

Each option has a per share exercise price equal to the nominal value of a
share.

 

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                                                         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  Ordinary shares of 0.4p
     Identification code                                          GB00BYWQCY12
 b)  Nature of the transaction                                    Option over ordinary shares with an exercise price per ordinary share equal to
                                                                  the nominal value of an ordinary share
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       172,235
 d)  Aggregated information:                                      See 4 (c) above

     ·Aggregated volume

     ·Price
 e)  Date of the transaction                                      2 December 2021

 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume

·Price

See 4 (c) above

e)

Date of the transaction

2 December 2021

 

f)

Place of the transaction

Outside of a trading venue

 

 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/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  Ordinary shares of 0.4p
     Identification code                                          GB00BYWQCY12
 b)  Nature of the transaction                                    Option over ordinary shares with an exercise price per ordinary share equal to
                                                                  the nominal value of an ordinary share
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       66,579
 d)  Aggregated information:                                      See 4 (c) above

     ·Aggregated volume

     ·Price
 e)  Date of the transaction                                      2 December 2021

 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume

·Price

See 4 (c) above

e)

Date of the transaction

2 December 2021

 

f)

Place of the transaction

Outside of a trading venue

 

For further information, please contact:

 

Manolete Partners
Plc
via Instinctif Partners

Steven Cooklin (Chief Executive Officer)

 

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

James Britton

Rishi Shah

 

Instinctif Partners (Financial
PR)
+44 (0) 7837 674600

Tim Linacre

George
Peele

 

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