10 December 2019
Manolete Partners Plc
("Manolete" or the "Company")
Grant of Share Options
Manolete (AIM:MANO), a leading UK insolvency litigation financing company, announces that on 9 December 2019 the Company's Chief Financial Officer, Mark Tavener, was granted options over 64,593 ordinary shares of 0.4p each in the Company ("Ordinary shares") pursuant to Part B of the Manolete Partners Plc Company Share Option Plan 2018. The options, which are subject to an exercise price of £4.30 per share, will vest on a one-third per annum basis but may not be exercised until the third anniversary of the date of grant.
This award of options to Mr Tavener is part of a reallocation of 193,781 share options held by the past Chief Financial Officer, Patrick Lineen, which lapsed on his cessation of employment. Accordingly, the award has not increased the total number of shares expected to be issued under the Company's share plans.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Mark Wrenford Tavener
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Manolete Partners PLC |
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b)
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LEI
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213800R2X9V3KWCC4H47 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Option to acquire Ordinary shares at an exercise price of £4.30 per share |
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Identification code |
ISIN: GB00BYWQCY12 |
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b)
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Nature of the transaction
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Grant of an option over shares pursuant to Part B of the Manolete Partners Plc Company Share Option Plan 2018 |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£0.00 |
64,593 |
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d)
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Aggregated information |
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- Aggregated volume |
64,593 |
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- Price |
£0.00 |
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e)
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Date of the transaction
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9 December 2019 |
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f)
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Place of the transaction
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London |
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For further information, please contact:
Manolete Partners Plc via Instinctif Partners
Steven Cooklin
Peel Hunt (NOMAD and Sole Broker) +44 (0)20 7418 8900
Guy Wiehahn
Rishi Shah
Instinctif Partners (Financial PR) +44 (0)20 7457 2020
Tim Linacre
Lewis Hill
Katie Bairsto