Last checked at 11 Jan 2022 09:33
11 January 2022
Mercantile Ports & Logistics Limited
("MPL", the "Group" or the "Company")
Appointment of Non-Executive Director and Change of Adviser
Mercantile Ports & Logistics Limited, which is operating and developing out its port and logistics facility in Navi Mumbai, Maharashtra, India, is pleased to announce that Amit Dutta will be joining the Board as a Non-Executive Director with immediate effect.
Having qualified with a 1st Class Honors degree in Civil Engineering from Jadavpur University and completed an MBA from Indian Institute of Management, Mr Dutta joined Shaw Wallace & Co in 1988. From there, he spent over 11 years with Uniliver in India, rising to be head of marketing for the Tea business, a $0.5bn division by the time that he left to join Reliance Infocom in 2002. Since that time, Mr Dutta has had roles in companies including, General Motors, India, and American Express, India. He founded Quintessentially Lifestyle services, India in 2010 and joined Hunch Ventures as Managing Partner in 2018.
Jeremy Warner Allen, Chairman of MPL commented "Since Hunch's initial investment in MPL, we have become aware of the value that Amit can add and are delighted that he has agreed to join the board. Hunch has been a supportive partner and Amit joining the board is further evidence of Hunch's confidence in the prospects of the Group."
The Company further announces that Cenkos Securities plc, will now act as MPL's Nominated Adviser and Sole Broker.
Further information pursuant to Schedule Two, paragraph (g) of the AIM Rules:
Amit Dutta, aged 59, is currently or has previously been a director of the following companies within the past five years:
Current Directorships
ASTRAL TRAVELS PRIVATE LTD |
SEA SPORT MARINE PRIVATE LIMITED |
LUXURY HUES CONSULTANCY SERVICES (INDIA) PRIVATE LIMITED |
QUINTESSENTIALLY LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED |
LH CONSULTING PRIVATE LIMITED |
RADIANT HUES CRM SOLUTIONS PRIVATE LIMITED |
RADIANT HUES CONSULTANCY SERVICES PRIVATE LIMITED |
TEAMONK GLOBAL FOODS PRIVATE LIMITED |
HUES LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED |
FLYBLADE (INDIA) PRIVATE LIMITED |
Past Directorships
KISETSU SAISON FINANCE (INDIA) PRIVATE LIMITED |
LMC Forum (India) Private Limited |
Financial Hues Private Limited |
27 Hills Tea Planters Private Limited |
There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.
Amit holds no shares in the Company directly but, through his position as Partner in Hunch Ventures, has an interest in 12,044,462 Ordinary Shares.
Enquiries:
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 PR) | Elisabeth Cowell / Isabelle Smurfit +44 (0) 20 3757 6880 mpl@newgatecomms.com |