Last checked at 28 Jun 2023 16:59
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 | |