5 October 2023
Mercantile Ports & Logistics Limited
("MPL" or the "Company" and, together with its subsidiaries, the "Group")
Director/PDMR Shareholdings
Mercantile Ports & Logistics Limited, which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, announces that it has been notified that on 4 October 2023, Dmitri Tsvetkov, Non-Executive Director of the Company, purchased 291,743 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 2.73 pence per Ordinary Share via his SIPP.
In addition, on 4 October 2023 John Fitzgerald, Non-Executive Director of the Company, purchased 582,669 Ordinary Shares at a price of 2.65 pence per Ordinary Share.
As a result, Dmitri Tsvetkov is now interested in a total of 291,743 Ordinary Shares, representing 0.08% of the Company's issued share capital. John Fitzgerald, along with his spouse, is interested in a total of 646,792 Ordinary Shares, representing 0.18% of the Company's issued share capital.
The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
Change of Name of Nominated Adviser and Broker
The Company also announces that its Nominated Adviser and Broker has changed its name to Cavendish Securities plc following completion of its own corporate merger.
- Ends -
For further information, please visit www.mercpl.com or contact:
| MPL | c/o SEC Newgate +44 (0) 20 3757 6880 |
| Cavendish Securities plc (Nomad and Broker) | Stephen Keys +44 (0) 207 220 0500 |
| 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.
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a. | Name | Dmitri Tsvetkov | |||||
| 2 | Reason for 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 ISIN: GG00BKSH7R87 | |||||
| b. | Nature of the transaction | Purchase of Ordinary Shares | |||||
| c. | Price(s) and volume(s) |
|
| ||||
| d. | Aggregated information - Aggregated Volume - Price | Not applicable
| |||||
| e. | Date of the transaction | 4 October 2023
| |||||
| f. | Place of the transaction | AIMX
| |||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a. | Name | John Fitzgerald | |||||
| 2 | Reason for 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 ISIN: GG00BKSH7R87 | |||||
| b. | Nature of the transaction | Purchase of Ordinary Shares | |||||
| c. | Price(s) and volume(s) |
|
| ||||
| d. | Aggregated information - Aggregated Volume - Price | Not applicable
| |||||
| e. | Date of the transaction | 4 October 2023
| |||||
| f. | Place of the transaction | AIMX
| |||||
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.