Last checked at 1 Oct 2020 07:00
Manolete Partners plc("Manolete" or the "Company")
Grant of Share Options
Manolete, a leading UK insolvency litigation financing company announces that on 30th September 2020 it granted nominal cost share options over ordinary shares of 0.4p each in the Company, under the LTIP scheme.
The options will vest subject to the satisfaction of performance conditions based on Earnings Per Share in the Company's financial year ended 31 March 2023.
Each option has a per share exercise price equal to the nominal value of a share.
Director / PDMR | Number of shares subject to option | Financial Year to which the EPS performance condition applies |
Steven Cooklin | 134,000 | Financial year ending 31 March 2023 |
Mark Wrenford Tavener | 134,000 | Financial year ending 31 March 2023 |
The awards will vest following assessment of the performance condition which is an EPS target relating to the financial year ended 31 March 2023. A minimum threshold achievement would result in 25% of the award vesting, a Target EPS would result in 75% vesting and a maximum EPS would result in 100% of the award vesting.
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Steven Cooklin | ||||
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 | Options over ordinary shares at an exercise price equal to the nominal value of an Ordinary Share per share. | ||||
b) | Identification code | ISIN: GB00BYWQCY12 | ||||
c) | Nature of the transaction | Grant of options | ||||
d) | Price(s) and volume(s)
|
| ||||
e) | Aggregated information - Aggregate volume - Price |
134,000 N/A | ||||
f) | Date of the transaction | 30th September 2020 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mark Wrenford Tavener | ||||
2. | Reason for the notification | |||||
a) | Position/status | 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 | Options over ordinary shares at an exercise price equal to the nominal value of an Ordinary Share per share. | ||||
b) | Identification code | ISIN: GB00BYWQCY12 | ||||
c) | Nature of the transaction | Grant of options | ||||
d) | Price(s) and volume(s)
|
| ||||
e) | Aggregated information - Aggregate volume - Price |
134,000 N/A | ||||
f) | Date of the transaction | 30th September 2020 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
For further information, please contact:
Manolete Partners Plc 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)
Tim Linacre +44 (0)7949 939237
Lewis Hill +44 (0)7837 674600