23 Oct 2019 11:37
23 October 2019
Manolete Partners Plc
("Manolete" or the "Company")
Director/PDMR Shareholding
The Company announces that on 23 October 2019, the Chief Executive, Steven Cooklin, who is a significant shareholder of the Company, pledged 3.4 million ordinary shares in the Company as security against a personal loan of £1 million primarily to fund personal tax liabilities and the completion of his home renovation in London.
Peel Hunt, the Company's NOMAD and Sole Broker, has waived Mr Cooklin's IPO lock-in arrangement for this pledge. The lock-in arrangement agreed at IPO continues to remain in force.
Following the pledge, Mr Cooklin's beneficial interest in the Company remains unchanged and he continues to be the beneficial owner of 7,842,199 Ordinary Shares, comprising 18% of the Company's issued share capital.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
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 Identification code
| Ordinary shares of 0.4 pence each
MANO ISIN GB00BYWQCY12 |
(b) | Nature of the transaction | The pledge of 3,400,000 shares as security against a personal loan of £1,000,000 |
(c) | Price(s) and volume(s) | Price: n/a Volume: n/a |
(d) | Aggregated information | Price: n/a Volume: n/a |
Date of the transaction | 23 October 2019 | |
Place of the transaction | London Stock Exchange (XLON), AIM Market | |
For further information please contact:
Manolete Partners
Steven Cooklin (Chief Executive Officer) via Instinctif Partners
Peel Hunt (NOMAD and Sole Broker) +44 (0)20 7418 8900
Guy Wiehahn
Rishi Shah
Instinctif Partners +44 (0)20 7457 2020
Tim Linacre
Katie Bairsto
Lewis Hill
Manolete Partn. (MANO)