Large Case Update

RNS Announcement

RNS Number : 7315F

Manolete Partners PLC

18 November 2020

MANOLETE PARTNERS PLC

("Manolete" or the "Company")

Large Case Update

Manolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, announced on 12 November 2020 that one of its larger portfolio cases had settled for £7.5m of which Manolete's entitlement is £2.8m (£120k costs reimbursed plus profit share of £2.68m). The Company is pleased to announce that the defendants have now paid their first instalment of £2.5m (which was due on or before 20 November 2020) of which Manolete's retained share is £1.48m. Manolete expects to receive its remaining entitlement of £1.32m on or before 31 December 2021.

For further information please contact:

Manolete Partners:

Steven Cooklin (Chief Executive Officer) 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) +44 (0)7837 674600

Tim Linacre

Lewis Hill

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RNS metadata

Title: Large Case Update
Time: 10:29:53
Date: 18 Nov 2020
Category: Corporate updates
ID: 7315F