Mercantile Ports & Logistics Ltd Director/PDMR Shareholdings (2863E)
June 28 2023 - 11:59AM
UK Regulatory
TIDMMPL
RNS Number : 2863E
Mercantile Ports & Logistics Ltd
28 June 2023
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 Number of Number Number % of
of Ordinary Placing Shares of Subscription of Ordinary Enlarged
Shares prior subscribed Shares subscribed Shares held Share Capital
to Admission for at the at the Placing on Admission on Admission
Placing Price Price
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 Stephen Keys
(Nomad and Broker) +44 (0) 20 7397 8900
------------------------------
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jay Mehta
------------------------------------------ --------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------ --------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------
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
4 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 Ordinary shares of nil par
instrument, type of instrument 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
------------------------------------------ --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jeremy Warner Allen
------------------------------------------ --------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------------------ --------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------
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
4 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 Ordinary shares of nil par
instrument, type of instrument 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
------------------------------------------ --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Lord Howard Flight
------------------------------------------ --------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------------------ --------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------
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
4 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 Ordinary shares of nil par
instrument, type of instrument 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
------------------------------------------ --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Hunch Ventures & Investments
Pvt. Ltd
----------------------------------------- ---------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Person closely associated (PCA)
with Karanpal Singh, Non-Executive
Director of the Company
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------------- ---------------------------------------
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
4 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 Ordinary shares of nil par
instrument, type of instrument 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
----------------------------------------- ---------------------------------------
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END
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