Admission to AIM & First Day of Dealings

RNS Number : 4524K

Manolete Partners PLC

14 December 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

14 December 2018

Manolete Partners Plc

("Manolete" or the "Company")

Admission to AIM & First Day of Dealings

Manolete Partners Plc, a leading UK insolvency litigation financing company, is pleased to announce that admission of its entire issued ordinary share capital, which comprises 43,571,425 ordinary shares, to trading on the AIM market of the London Stock Exchange will take place and dealings will commence at 08:00 today under the ticker "MANO". Based on the placing price of 175 pence per share, the market capitalisation on Admission will be £76.3 million.

The Company's AIM admission document is available on the Company's investor website: investors.manolete-partners.com.

Peel Hunt acted as Nominated Adviser and sole Broker on the Placing and Admission.

For further information, please contact:

Manolete Partners Plc	via Instinctif Partners
Steven Cooklin
Peel Hunt (NOMAD and Sole Broker)	[phone]
Guy Wiehahn   Adrian Haxby   Rishi Shah
Instinctif Partners	[phone]
Giles Stewart   Rachel Cashmore   Lewis Hill

About Manolete Partners

Manolete Partners Plc is a leading UK insolvency litigation financing company. Having invested in over 240 insolvency cases, the Company is widely regarded in the UK to be a major player in the insolvency litigation financing sector. Manolete works alongside Insolvency Practitioners from all of the "Big Four" through to one and two partner specialist practices in the regions. Manolete was founded in 2009 by its CEO, Steven Cooklin, a UK Chartered Accountant.

Important notice

Peel Hunt, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser and broker to the Company in connection with the Placing and Admission and will not be acting for any other person or otherwise be responsible to any person for providing the protections afforded to clients of Peel Hunt or for advising any other person in respect of the Placing and Admission or any transaction, matter or arrangement referred to in this announcement. Peel Hunt's responsibilities as the Company's nominated adviser and broker under the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and are not owed to the Company or to any director of the Company or to any other person in respect of its decision to acquire shares in the Company in reliance on any part of this announcement.

No representation or warranty, express or implied, is made by the Company or Peel Hunt as to any of the contents of this announcement, including its accuracy, completeness or for any other statement made or purported to be made by it or on behalf of it, the Company, the Directors or any other person, in connection with the Placing and Admission, and nothing in this announcement shall be relied upon as a promise or representation in this respect, whether as to the past or the future (without limiting the statutory rights of any person to whom this announcement is issued). No liability whatsoever is accepted by Peel Hunt for the accuracy of any information or opinions contained in this announcement or for the omission of any material information from this announcement for which the Company and the Directors are solely responsible.

 

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