Manolete Partners PLC Director/PDMR Shareholding (8844Q)
23 October 2019 - 9:38PM
UK Regulatory
TIDMMANO
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 GBP1 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
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(a) Position/status Chief Executive Officer
-------------------------------- -------------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- -------------------------------------------
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 Ordinary shares of 0.4 pence each
instrument, type of instrument
Identification code MANO
ISIN GB00BYWQCY12
-------------------------------- -------------------------------------------
(b) Nature of the transaction The pledge of 3,400,000 shares as security
against a personal loan of GBP1,000,000
-------------------------------- -------------------------------------------
(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 rns@lseg.com or visit www.rns.com.
END
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