.9 Feb 2021 17:57
"Manolete Partners revealed on Tuesday that chief executive Steven Cooklin had disposed of 750,000 ordinary shares in the AIM-listed insolvency litigation financier.Cooklin, who founded the firm in 2009, sold the shares on Monday at an average price of 180.0p each, for a total value of £1.34m. Following the sale, Cooklin still holds 7.09m ordinary shares in Manolete, representing approximately 16.3% of the company's issued share capital. Back in November, Manolete said it had successfully completed another of the larger cases in its portfolio of UK insolvency claims. Manolete stated it had now completed on a further important case, realising £2.8m net cash proceeds, in line with book value and at a money multiple of 23x the total investment costs of £120,000."