LONDON (ShareCast) - (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)
Director name: Kilsby,Susan
Amount purchased: 1,000 @ 4,003.10p
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River And Mercantile Uk Micro Cap Investment Company Limited (RMMC)
Director name: Hodgson,Mark
Amount purchased: 10,000 @ 223.25p
Value: £22,325.00

Ms International (MSI)
Director name: Bell,Michael J
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Ms International (MSI)
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F&c Investment Trust (FCIT)
Director name: Bone,Roger
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F&c Investment Trust (FCIT)
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Value: £491.14

National Grid (NG.)
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National Grid (NG.)
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Daily Mail And General Trust A (non.v) (DMGT)
Director name: Zwillenberg,Paul
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Daily Mail And General Trust A (non.v) (DMGT)
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Taylor Wimpey (TW.)
Director name: Carney,Chris
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Cls Holdings (CLI)
Director name: Kirkman ,Andrew
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Director name: Redfern,Pete
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Unilever (ULVR)
Director name: Pitkethly,Graeme
Amount purchased: 3 @ 4,002.40p
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Director name: Cicurel,David
Amount purchased: 2 @ 648.00p
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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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