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 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.