Manolete Partners PLC Grant of Share Options (6886A)
October 01 2020 - 2:00AM
UK Regulatory
TIDMMANO
RNS Number : 6886A
Manolete Partners PLC
01 October 2020
Manolete Partners plc
("Manolete" or the "Company")
Grant of Share Options
Manolete, a leading UK insolvency litigation financing company
announces that on 30(th) 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 Financial Year to which
to option the EPS performance condition
applies
Steven Cooklin 134,000 Financial year ending 31
March 2023
------------------------- -------------------------------
Mark Wrenford 134,000 Financial year ending 31
Tavener 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 Options over ordinary shares
instrument, type of instrument 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) Price Number of ordinary shares
over which Options have
been granted
N/A 134,000
--------------------------
-------------------------------- ---------------------------------------
e) Aggregated information
* Aggregate volume 134,000
N/A
* Price
-------------------------------- ---------------------------------------
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 Options over ordinary shares
instrument, type of instrument 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) Price Number of ordinary shares
over which Options have
been granted
N/A 134,000
--------------------------
-------------------------------- ---------------------------------------
e) Aggregated information
* Aggregate volume 134,000
N/A
* Price
-------------------------------- ---------------------------------------
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
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