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Last checked at 
29 Dec 2020 16:55
This announcement contains inside information
29 December 2020
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
Director / PDMR Share Purchases
The Company announces the following purchases of ordinary shares in the Company on 29 December 2020 at a price of 0.24p per share:
Director / PDMR | Position | Shares | Price per share (£) | £ |
Jay Mehta | Managing Director | 4,165,000 | £0.0024 | £9,996 |
Lord Howard Flight | Non-Executive Director | 4,165,000 | £0.0024 | £9,996 |
John Fitzgerald | Non-Executive Director | 4,165,000 | £0.0024 | £9,996 |
Jeremy Warner Allen | Chairman | 8,330,000 | £0.0024 | £19,992 |
Jeremy Warner Allen* | Chairman | 22,475,000 | £0.0024 | £53,940 |
*Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of the Company. Jeremy Warner Allen intends to transfer these shares to Hunch Ventures at the purchase price as soon as practicable.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") 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
| Managing Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Mercantile Ports and 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 | ISIN: GG00B53M7D91 | ||||
|
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price | No. of shares |
| |
|
| 0.24p per share | 4,165,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 29 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
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 | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Mercantile Ports and 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 | ISIN: GG00B53M7D91 | ||||
|
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price | No. of shares |
| |
|
| 0.24p per share | 4,165,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 29 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | John Fitzgerald | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Mercantile Ports and 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 | ISIN: GG00B53M7D91 | ||||
|
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price | No. of shares |
| |
|
| 0.24p per share | 4,165,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 29 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jeremy Warner Allen | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Mercantile Ports and 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 | ISIN: GG00B53M7D91 | ||||
|
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price | No. of shares |
| |
|
| 0.24p per share | 8,330,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 29 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jeremy Warner Allen | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Mercantile Ports and 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 | ISIN: GG00B53M7D91 | ||||
|
| ||||
b)
| Nature of the transaction
| Purchase of ordinary shares. Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of Mercantile Ports and Logistics Limited. Jeremy Warner Allen intends to transfer ownership of these shares to Hunch Ventures at the purchase price as soon as practicable | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price | No. of shares |
| |
|
| 0.24p per share | 22,475,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 29 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
-ENDS-
MPL | C/O Newgate Communications +44 (0) 20 3757 6880
|
Cenkos Securities plc (Nomad and Broker)
Zeus Capital Limited (Joint broker)
| Stephen Keys +44 (0) 20 7397 8900
John Goold (Corporate Broking)
+44 (0)203 829 5000
|
Newgate Communications (Financial PR) | Adam Lloyd Isabelle Smurfit +44 (0) 20 3757 6880 mpl@newgatecomms.com |
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