12 August 2024
Mercantile Ports & Logistics Limited
("MPL" or the "Company" and, together with its subsidiaries, the "Group")
Director/PDMR Shareholding
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 Jay Mehta, Chief Executive Officer of the Company, has sold 80,048 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 1.60 pence per Ordinary Share.
As a result, Jay Mehta is now interested in a total of 3,459,109 Ordinary Shares, representing 0.97% 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.
- Ends -
For further information, please visit www.mercpl.com or contact:
| MPL | c/o SEC Newgate +44 (0) 20 3757 6880 |
| Cavendish Capital Markets Limited (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 | Jay Mehta | |||||
| 2 | Reason for 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 ISIN: GG00BKSH7R87 | |||||
| b. | Nature of the transaction | Sale of Ordinary Shares | |||||
| c. | Price(s) and volume(s) |
|
| ||||
| d. | Aggregated information - Aggregated Volume - Price | Not applicable
| |||||
| e. | Date of the transaction | 8 August 2024
| |||||
| 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.