TIDMMPL

RNS Number : 4466Z

Mercantile Ports & Logistics Ltd

12 January 2024

12 January 2024

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 11 January 2024, John Fitzgerald, Non-Executive Director of the Company, purchased 624,419 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 1.5725 pence per Ordinary Share.

As a result, John Fitzgerald is now interested in a total of 681,002 Ordinary Shares, representing 0.19% 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.

- Ends -

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

 
 MPL                           c/o SEC Newgate 
                                +44 (0) 20 3757 6880 
 Cavendish Capital Markets     Stephen Keys 
  Limited                       +44 (0) 207 220 0500 
  (Nomad and Broker) 
                              ------------------------------ 
 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                                  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)                                 1.5725 p   624,419 
                                                             ---------- 
       ------------------------------------    ------------------------------------- 
 d.     Aggregated information                 Not applicable 
         - Aggregated 
         Volume 
         - Price 
       ------------------------------------  --------------------------------------- 
 e.     Date of the transaction               11 January 2024 
       ------------------------------------  --------------------------------------- 
 f.     Place of the                          AIMX 
         transaction 
       ------------------------------------  ---------------------------------------

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END

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(END) Dow Jones Newswires

January 12, 2024 02:00 ET (07:00 GMT)

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