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Last checked at 
27 Sep 2017 07:00
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
Directors' Share Purchases
&
Correction re. Directors' Share purchases
The Company announces that Howard Flight, Non-Executive Director, purchased 150,000 ordinary shares in the Company on 25 September 2017 at a price of 8.25p per share.
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
| 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
| N/A | |||
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(s) | Volume(s) |
| |
|
| 8.25p per share | 150,000 shares |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 25th September 2017 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
Furthermore, the Company announces that the following amendment has been made to the 'Directors' Share Purchases ' announcement released on 25 September 2017 at 7.00 a.m. under RNS No 6390R. The announcement stated that certain directors and their persons closely associated ("PCAs") had purchased an aggregate of 827,650 ordinary shares in the Company. This has been corrected to 727,650.
All other details remain unchanged.
The full amended text is shown below.
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
Directors' Share Purchases
The Company announces that certain directors and their persons closely associated ("PCAs") have recently purchased an aggregate of 727,650 ordinary shares in the Company in the following amounts.
Director/ PCA | Position | Ordinary shares purchased | Price paid per share | Date of purchase |
Jay Mehta | Director | 306,375 | 8.16p | 20/09/17 |
Andrew Henderson | Chief Financial Officer | 61,275 | 8.16p | 20/09/17 |
Lord Howard Flight | Non-Executive Director | 100,000 | 8.00p | 21/09/17 |
Laura Fitzgerald | PCA with John Fitzgerald, Non-Executive Director | 260,000 | 7.5769p | 20/09/17 |
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
| 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
| N/A | |||
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(s) | Volume(s) |
| |
|
| 8.16p per share | 306,375 shares |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 20 September 2017 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Andrew Henderson
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
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
| N/A | |||
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(s) | Volume(s) |
| |
|
| 8.16p per share | 61,275 shares |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 20 September 2017 | |||
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
| N/A | |||
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(s) | Volume(s) |
| |
|
| 8p per share | 100,000 shares |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 21 September 2017 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Laura Fitzgerald | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Person closely associated with John Fitzgerald, 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
| N/A | |||
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 into ISA | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| 7.5769p per share | 260,000 shares |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
| N/A - single transaction | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
| ||||
e)
| Date of the transaction
| 20 September 2017 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
- ENDS -
Enquiries:
MPL Pavan Bakhshi/Jay Mehta
C/O Redleaf Communications
+44 (0) 20 382 4769
Cenkos Securities plc Stephen Keys/Camilla Hume(Nomad and Broker) +44 (0) 20 7397 8926
Redleaf PR Charlie Geller/Fiona Norman(Financial PR) +44 (0) 20 7382 4769
MPL@redleafpr.com
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