18 November 2020
MANOLETE PARTNERS PLC
("Manolete" or the "Company")
Large Case Update
Manolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, announced on 12 November 2020 that one of its larger portfolio cases had settled for £7.5m of which Manolete's entitlement is £2.8m (£120k costs reimbursed plus profit share of £2.68m). The Company is pleased to announce that the defendants have now paid their first instalment of £2.5m (which was due on or before 20 November 2020) of which Manolete's retained share is £1.48m. Manolete expects to receive its remaining entitlement of £1.32m on or before 31 December 2021.
For further information please contact:
Manolete Partners:
Steven Cooklin (Chief Executive Officer) via Instinctif Partners
Peel Hunt (NOMAD and Joint Broker) +44 (0)20 7418 8900
James Britton
Rishi Shah
Duncan Littlejohns
Liberum (Joint Broker) +44 (0)20 3100 2000
Richard Crawley
James Greenwood
Instinctif Partners (Financial PR) +44 (0)7837 674600
Tim Linacre
Lewis Hill
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