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RNS Number : 8705O

Mercantile Ports & Logistics Ltd

05 October 2023

5 October 2023

Mercantile Ports & Logistics Limited

("MPL" or the "Company" and, together with its subsidiaries, the "Group")

Director/PDMR Shareholdings

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 on 4 October 2023, Dmitri Tsvetkov, Non-Executive Director of the Company, purchased 291,743 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 2.73 pence per Ordinary Share via his SIPP.

In addition, on 4 October 2023 John Fitzgerald, Non-Executive Director of the Company, purchased 582,669 Ordinary Shares at a price of 2.65 pence per Ordinary Share.

As a result, Dmitri Tsvetkov is now interested in a total of 291,743 Ordinary Shares, representing 0.08% of the Company's issued share capital. John Fitzgerald, along with his spouse, is interested in a total of 646,792 Ordinary Shares, representing 0.18% 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.

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Broker has changed its name to Cavendish Securities plc following completion of its own corporate merger.

- Ends -

For further information, please visit www.mercpl.com or contact:

 
 MPL                           c/o SEC Newgate 
                                +44 (0) 20 3757 6880 
 Cavendish Securities plc      Stephen Keys 
  (Nomad and Broker)            +44 (0) 207 220 0500 
                              ------------------------------ 
 SEC Newgate                   Elisabeth Cowell/ Bob Huxford 
  (Financial Communications)    +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 
        Details of the person discharging managerial responsibilities/person 
  1      closely associated 
       ----------------------------------------------------------------------------- 
 a.     Name                                  Dmitri Tsvetkov 
       ------------------------------------  --------------------------------------- 
        Reason for notification 
  2 
       ------------------------------------  --------------------------------------- 
 a.     Position/Status                       Non-Executive Director 
       ------------------------------------  --------------------------------------- 
 b.     Initial notification/                 Initial Notification 
         Amendment 
       ------------------------------------  --------------------------------------- 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------- 
 a.     Name                                  Mercantile Ports & Logistics Limited 
       ------------------------------------  --------------------------------------- 
 b.     LEI                                   213800UT113BW8VXV311 
       ------------------------------------  --------------------------------------- 
        Details of the transaction(s): section to be repeated for 
  4      (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                        Ordinary shares of nil par value 
         the financial 
         instrument, type 
         of instrument 
                                               ISIN: GG00BKSH7R87 
         Identification 
         Code 
       ------------------------------------  --------------------------------------- 
 b.     Nature of the                         Purchase of Ordinary Shares 
         transaction 
       ------------------------------------  --------------------------------------- 
 c.     Price(s) and                              Price(s)   Volume(s) 
         volume(s)                                 2.73p      291,743 
                                                             ---------- 
       ------------------------------------    ------------------------------------- 
 d.     Aggregated information                 Not applicable 
         - Aggregated 
         Volume 
         - Price 
       ------------------------------------  --------------------------------------- 
 e.     Date of the transaction               4 October 2023 
       ------------------------------------  --------------------------------------- 
 f.     Place of the                          AIMX 
         transaction 
       ------------------------------------  --------------------------------------- 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
        Details of the person discharging managerial responsibilities/person 
  1      closely associated 
       ----------------------------------------------------------------------------- 
 a.     Name                                  John Fitzgerald 
       ------------------------------------  --------------------------------------- 
        Reason for notification 
  2 
       ------------------------------------  --------------------------------------- 
 a.     Position/Status                       Non-Executive Director 
       ------------------------------------  --------------------------------------- 
 b.     Initial notification/                 Initial Notification 
         Amendment 
       ------------------------------------  --------------------------------------- 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------- 
 a.     Name                                  Mercantile Ports & Logistics Limited 
       ------------------------------------  --------------------------------------- 
 b.     LEI                                   213800UT113BW8VXV311 
       ------------------------------------  --------------------------------------- 
        Details of the transaction(s): section to be repeated for 
  4      (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                        Ordinary shares of nil par value 
         the financial 
         instrument, type 
         of instrument 
                                               ISIN: GG00BKSH7R87 
         Identification 
         Code 
       ------------------------------------  --------------------------------------- 
 b.     Nature of the                         Purchase of Ordinary Shares 
         transaction 
       ------------------------------------  --------------------------------------- 
 c.     Price(s) and                              Price(s)   Volume(s) 
         volume(s)                                 2.65p      582,669 
                                                             ---------- 
       ------------------------------------    ------------------------------------- 
 d.     Aggregated information                 Not applicable 
         - Aggregated 
         Volume 
         - Price 
       ------------------------------------  --------------------------------------- 
 e.     Date of the transaction               4 October 2023 
       ------------------------------------  --------------------------------------- 
 f.     Place of the                          AIMX 
         transaction 
       ------------------------------------  ---------------------------------------

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