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Manolete Partners - Director/PDMR Shareholding

RNS Number : 8844Q
Manolete Partners PLC
23 October 2019
 

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

 


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.
 
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Quick facts: Manolete Partners PLC

Price: 555.7599

Market: AIM
Market Cap: £242.15 m
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