1 October 2019
Manolete Partners Plc
("Manolete" or the "Company")
Appointment of CFO
Manolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, announces that Patrick Lineen has decided to retire at the end of December 2019, following the successful IPO of the Company last year. Patrick will step down as Chief Financial Officer on 7 October 2019 when he will be replaced as CFO by Mark Wrenford Tavener. Patrick will remain on the Board until 27 November 2019 and will then retire at the end of the year to ensure an orderly and smooth handover.
Mr Tavener previously worked in RSM's corporate finance department. Prior to RSM, Mr Tavener held roles at IPSX, Deloitte, T-Mobile and PwC.
Steven Cooklin, Chief Executive Officer at Manolete commented:
"We are grateful to Patrick for assisting us through the IPO process and a successful first year as a listed company. We are pleased to welcome Mark to the team at this excting new growth phase of the business.''
Mark Wrenford Tavener is 49 years old and is joining the Board with effect from 7 October 2019. During the last five years immediately preceding the date of this announcement, Mark Wrenford Tavener held the following directorships:
IPSX UK Limited
There are no further matters to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules.
For further information please contact:
Steven Cooklin (Chief Executive Officer) via Instinctif Partners
Peel Hunt (NOMAD and Sole Broker) +44 (0)20 7418 8900
Instinctif Partners +44 (0)20 7457 2020