Directors Dealing and TVR
Manolete Partners PLC announced that Chief Executive Officer Mena Halton exercised options for 175,000 ordinary shares at 0.4p each, selling 108,305 shares at 38p to cover taxes and commissions, retaining 66,695 shares. Following this, she holds 627,939 shares, representing 1.43% of the company's issued share capital. The total number of ordinary shares in issue will be 43,985,966, with the new shares expected to be admitted to AIM trading on July 6, 2026.
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Manolete, the leading UK-listed insolvency litigation financing company, announces that Mena Halton, its Chief Executive Officer, yesterday exercised options over 175,000 ordinary shares of 0.4p each in the capital of the Company ("Ordinary Shares"). In order to satisfy the tax arising on exercise, the exercise price and the associated trading commissions she has today sold 108,305 Ordinary Shares at a price of 38p and will retain the balance of 66,695 Ordinary Shares. As a result of the transaction Mena Halton is now interested in 627,939 Ordinary Shares representing 1.43 per cent of the Company's issued share capital.
Application has been made for the 175,000 Ordinary Shares to be admitted to trading on AIM and it is expected that trading in them will commence on 6 July 2026.
Following this issue of Ordinary Shares the Company will have 43,985,966 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in Treasury. This figure of 43,985,966 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Company or its Group under the FCA's Disclosure Guidance and Transparency Rules.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a) | Name | Philomena Halton | |||||
| 2. | Reason for the Notification | ||||||
| a) | Position/status | Chief Executive Officer | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| a) | Name | Manolete Partners plc | |||||
| b) | LEI | 213800R2X9V3KWCC4H47 | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.4p | |||||
| Identification code | GB00BYWQCY12 | ||||||
| b) | Nature of the transaction | Exercise of options over ordinary shares with an exercise price per ordinary share equal to the nominal value of an ordinary share | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information: · Aggregated volume · Price | Aggregated price | Aggregated volume | ||||
| £700 | 175,000 | ||||||
| e) | Date of the transaction | 29 June 2026 | |||||
| f) | Place of the transaction | Outside of a trading venue | |||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a) | Name | Philomena Halton | |||||
| 2. | Reason for the Notification | ||||||
| a) | Position/status | Chief Executive Officer | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| a) | Name | Manolete Partners plc | |||||
| b) | LEI | 213800R2X9V3KWCC4H47 | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.4p | |||||
| Identification code | GB00BYWQCY12 | ||||||
| b) | Nature of the transaction | Sale of Shares | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information: · Aggregated volume · Price | Aggregated price | Aggregated volume | ||||
| £41,155.90 | 108,305 | ||||||
| e) | Date of the transaction | 30 June 2026 | |||||
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.