REG - Manolete Partners - Grant of Share Options

Manolete PartnersAnnouncement

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RNS Number : 3801M  Manolete Partners PLC  22 December 2025

22 December 2025

 

Manolete Partners plc

("Manolete" or the "Company")

Grant of Share Options

 

Manolete, the leading UK-listed insolvency litigation financing company,
announces that on 17 December 2025 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                 Award type               Number of shares subject to option
 Philomena (Mena) Halton  Performance share award   200,000
 William (Will) Sawyer    Performance share award   200,000
 Philomena Halton         Restricted share award    196,875

 

The performance share award options were granted under the Company's share
option plan.  The restricted share award was granted on a one-off basis under
a separate agreement in recognition of Philomena Halton's recent promotion to
Chief Executive Officer.

 

The performance share awards will ordinarily vest on the third anniversary of
their grant subject to the grantee's continued service and the satisfaction of
performance conditions based on (with equal weighting) (i) earnings per share
for the Company's financial year ending 31 March 2028; and (ii) average share
price over the five days preceding the third anniversary of the grant of the
options. Sliding scale performance targets apply in respect of both elements,
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.

 

The restricted share award is partially exercisable immediately, covering
175,000 of the total shares under option, and this part is not subject to any
conditions. The remainder of the option, covering 21,875 shares, is
exercisable after 11 August 2026 provided that employment has not been
terminated before that date.  There are no other conditions attached to this
part of the award.

 

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                                                         1.   Philomena Halton

                                                                  2.   William Sawyer
 2.  Reason for the Notification
 a)  Position/status                                              1.   Chief Executive Officer

                                                                  2.   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                                    Grant of options 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)
                                                                  1 Nil       200,000
                                                                  2 Nil       200,000
 d)  Aggregated information:                                      See 4 (c) above

     ·Aggregated volume

     ·Price
 e)  Date of the transaction                                      17 December2025

 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

17 December2025

 

f)

Place of the transaction

Outside of a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Philomena Halton
 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                                    Grant of an 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       196,875
 d)  Aggregated information:                                      See 4 (c) above

     ·Aggregated volume

     ·Price
 e)  Date of the transaction                                      17 December 2025

 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

17 December 2025

 

f)

Place of the transaction

Outside of a trading venue

 

 

For further information, please contact:

 Manolete Partners                      via TEAM LEWIS
 Mena Halton (Chief Executive Officer)

 Canaccord Genuity (NOMAD and Broker)   +44 (0)20 7523 8309
 Stuart Andrews

 Instinctif Partners                    manolete@teamlewis.com (mailto:manolete@teamlewis.com)
 Hannah Scott, Galyna Kulachek          +44 (0)20 7802 2634

 

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