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Director dealings: Manolete Partners CEO lowers stake

Tue 09 February 2021 16:51 | A A A

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(Sharecast News) - Manolete Partners revealed on Tuesday that chief executive Steven Cooklin had disposed of 750,000 ordinary shares in the AIM-listed insolvency litigation financier.

Cooklin, who founded the firm in 2009, sold the shares on Monday at an average price of 180.0p each, for a total value of £1.34m.

Following the sale, Cooklin still holds 7.09m ordinary shares in Manolete, representing approximately 16.3% of the company's issued share capital.

Back in November, Manolete said it had successfully completed another of the larger cases in its portfolio of UK insolvency claims.

Manolete stated it had now completed on a further important case, realising £2.8m net cash proceeds, in line with book value and at a money multiple of 23x the total investment costs of £120,000.

As of 1625 GMT, Manolete shares were up 2.78% at 185.0p.

Top Director Buys

Young & Co's Brewery 'a' Shares (YNGA)

Director name: Goodyear,Stephen

Amount purchased: 5,000 @ 1,350.00p

Value: £67,500.00

Unilever (ULVR)

Director name: Cha,John Rishton

Amount purchased: 1,256 @ 3,951.00p

Value: £49,624.56

Unilever (ULVR)

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River And Mercantile Uk Micro Cap Investment Company Limited (RMMC)

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Ms International (MSI)

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Ms International (MSI)

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F&c Investment Trust (FCIT)

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F&c Investment Trust (FCIT)

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Value: £491.14

National Grid (NG.)

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Value: £153.26

National Grid (NG.)

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Amount purchased: 18 @ 851.43p

Value: £153.26

Daily Mail And General Trust A (non.v) (DMGT)

Director name: Zwillenberg,Paul

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Value: £150.48

Daily Mail And General Trust A (non.v) (DMGT)

Director name: Beatty,Kevin

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Taylor Wimpey (TW.)

Director name: Carney,Chris

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Value: £150.29

Cls Holdings (CLI)

Director name: Kirkman ,Andrew

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Value: £149.18

Cls Holdings (CLI)

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Amount purchased: 69 @ 216.20p

Value: £149.18

Taylor Wimpey (TW.)

Director name: Redfern,Pete

Amount purchased: 92 @ 161.60p

Value: £148.67

Unilever (ULVR)

Director name: Pitkethly,Graeme

Amount purchased: 3 @ 4,002.40p

Value: £120.07

The Panoply Holdings (TPX)

Director name: Gandhi,Neal Narendra

Amount purchased: 64 @ 177.00p

Value: £113.28

The Panoply Holdings (TPX)

Director name: Rigby,Oliver James

Amount purchased: 64 @ 177.00p

Value: £113.28

Primary Health Properties (PHP)

Director name: Hyman,Harry Abraham

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Value: £97.75

F&c Investment Trust (FCIT)

Director name: Knapp,Edward

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Value: £96.62

Judges Scientific (JDG)

Director name: Ormsby,Bradley Leonard

Amount purchased: 2 @ 648.00p

Value: £12.96

Judges Scientific (JDG)

Director name: Cicurel,David

Amount purchased: 2 @ 648.00p

Value: £12.96

Judges Scientific (JDG)

Director name: Lavelle,Mark

Amount purchased: 2 @ 648.00p

Value: £12.96

Top Director Sells

Manolete Partners (MANO)

Director name: Cooklin,Steven

Amount sold: 750,000 @ 180.00p

Value: £1,349,999.96

Jardine Matheson Holdings Ltd (singapore Reg) (JAR)

Director name: Weatherall,E P K

Amount sold: 2,600 @ $56.27

Value: $146,302.00

Pure Gold Mining Inc. Npv (di) (PUR)

Director name: OÂ'Dea,Mark

Amount sold: 50,000 @ $2.20

Value: $65,136.40

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