RNS Number : 2863E
Mercantile Ports & Logistics Ltd
28 June 2023
 

28 June 2023

 

Mercantile Ports & Logistics Limited

("MPL" or the "Company" and, together with its subsidiaries, the "Group")

 

Director/PDMR Shareholdings

 

Mercantile Ports & Logistics Limited (AIM: MPL), which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, announces that as detailed in the announcement dated 8 June 2023 and further to admission of the Placing Shares, Subscription Shares and Retail Offer Shares today, the Board of MPL beneficially hold Ordinary Shares as follows:

 

Director

Number of Ordinary Shares prior to Admission

Number of Placing Shares subscribed for at the Placing Price

Number of Subscription Shares subscribed at the Placing Price

Number of Ordinary Shares held on Admission

% of

Enlarged Share Capital on Admission

Jay Mehta

205,780

-

3,333,333

3,539,113

1.0

Hunch Ventures

11,819,712

-

125,000,000

136,819,712

39.9

Jeremy Warner Allen

 

519,545

3,333,333

-

3,852,878

1.1

Lord Howard Flight

230,538

400,000

-

630,538

0.2

 

Capitalised terms used but not defined in this announcement have the same meanings as set out in the circular to Shareholders dated 9 June 2023.

 

 

 For further information, please visit www.mercpl.com or contact:

  

MPL

c/o SEC Newgate

+44 (0) 20 3757 6880

Cenkos Securities plc

(Nomad and Broker)

Stephen Keys

+44 (0) 20 7397 8900

SEC Newgate

(Financial Communications)

Elisabeth Cowell/ Bob Huxford

+44 (0) 20 3757 6880

mpl@newgatecomms.com

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jay Mehta

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mercantile Ports & Logistics Limited

b)

LEI

213800UT113BW8VXV311

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of nil par value



Identification code

GG00BKSH7R87

b)

Nature of the transaction

Purchase of Ordinary Shares in Subscription

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 3 pence

 

3,333,333

 

 

d)

Aggregated information





Aggregated volume

N/A single transaction



Price

N/A single transaction

e)

Date of the transaction

28 June 2023

f)

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jeremy Warner Allen

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mercantile Ports & Logistics Limited

b)

LEI

213800UT113BW8VXV311

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of nil par value



Identification code

GG00BKSH7R87

b)

Nature of the transaction

Purchase of Ordinary Shares in Placing

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 3 pence

 

3,333,333

 

 

d)

Aggregated information





Aggregated volume

N/A single transaction



Price

N/A single transaction

e)

Date of the transaction

28 June 2023

f)

Place of the transaction

XOFF

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lord Howard Flight

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mercantile Ports & Logistics Limited

b)

LEI

213800UT113BW8VXV311

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of nil par value



Identification code

GG00BKSH7R87

b)

Nature of the transaction

Purchase of Ordinary Shares in Placing

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 3 pence

 

400,000

 

 

d)

Aggregated information





Aggregated volume

N/A single transaction



Price

N/A single transaction

e)

Date of the transaction

28 June 2023

f)

Place of the transaction

XOFF

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Hunch Ventures & Investments Pvt. Ltd

2

Reason for the notification

a)

Position/status

Person closely associated (PCA) with Karanpal Singh, Non-Executive Director of the Company

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mercantile Ports & Logistics Limited

b)

LEI

213800UT113BW8VXV311

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of nil par value



Identification code

GG00BKSH7R87

b)

Nature of the transaction

Purchase of Ordinary Shares in Subscription

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 3 pence

 

125,000,000

 

 

d)

Aggregated information





Aggregated volume

N/A single transaction



Price

N/A single transaction

e)

Date of the transaction

28 June 2023

f)

Place of the transaction

XOFF

 

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