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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June 28, 2023 11:59 ET (15:59 GMT)

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