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Manolete Partners - Grant of Share Options

RNS Number : 2291V
Manolete Partners PLC
02 December 2019
 

2 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 29 November 2019 the Company's Chief Financial Officer, Mark Tavener, was granted options over 6,451 ordinary shares of 0.4p each in the Company ("Ordinary shares") pursuant to Part A of the Manolete Partners Plc Company Share Option Plan 2018.  The options, which are subject to an exercise price of £4.65 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.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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

Option to acquire Ordinary shares at an exercise price of £4.65 per share

 

 

Identification code

ISIN: GB00BYWQCY12

 

 

b)

 

Nature of the transaction

 

 

Grant of an option over shares pursuant to Part A of the Manolete Partners Plc Company Share Option Plan 2018

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£0.00

6,451

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

6,451

 

 

- Price

£0.00

 

 

e)

 

Date of the transaction

 

 

29 November 2019

f)

 

Place of the transaction

 

 

London

 

 

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

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Manolete Partners PLC

Price: 555.7599

Market: AIM
Market Cap: £242.15 m
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