TIDMMPL

RNS Number : 0631Y

Mercantile Ports & Logistics Ltd

11 January 2022

11 January 2022

Mercantile Ports & Logistics Limited

("MPL", the "Group" or the "Company")

Appointment of Non-Executive Director and Change of Adviser

Mercantile Ports & Logistics Limited, which is operating and developing out its port and logistics facility in Navi Mumbai, Maharashtra, India, is pleased to announce that Amit Dutta will be joining the Board as a Non-Executive Director with immediate effect.

Having qualified with a 1(st) Class Honors degree in Civil Engineering from Jadavpur University and completed an MBA from Indian Institute of Management, Mr Dutta joined Shaw Wallace & Co in 1988. From there, he spent over 11 years with Uniliver in India, rising to be head of marketing for the Tea business, a $0.5bn division by the time that he left to join Reliance Infocom in 2002. Since that time, Mr Dutta has had roles in companies including, General Motors, India, and American Express, India. He founded Quintessentially Lifestyle services, India in 2010 and joined Hunch Ventures as Managing Partner in 2018.

Jeremy Warner Allen, Chairman of MPL commented "Since Hunch's initial investment in MPL, we have become aware of the value that Amit can add and are delighted that he has agreed to join the board. Hunch has been a supportive partner and Amit joining the board is further evidence of Hunch's confidence in the prospects of the Group."

The Company further announces that Cenkos Securities plc, will now act as MPL's Nominated Adviser and Sole Broker.

Further information pursuant to Schedule Two, paragraph (g) of the AIM Rules:

Amit Dutta, aged 59, is currently or has previously been a director of the following companies within the past five years:

Current Directorships

 
 ASTRAL TRAVELS PRIVATE LTD 
 SEA SPORT MARINE PRIVATE LIMITED 
 LUXURY HUES CONSULTANCY SERVICES (INDIA) PRIVATE 
  LIMITED 
 QUINTESSENTIALLY LIFESTYLE SERVICES (INDIA) PRIVATE 
  LIMITED 
 LH CONSULTING PRIVATE LIMITED 
 RADIANT HUES CRM SOLUTIONS PRIVATE LIMITED 
 RADIANT HUES CONSULTANCY SERVICES PRIVATE LIMITED 
 TEAMONK GLOBAL FOODS PRIVATE LIMITED 
 HUES LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED 
 FLYBLADE (INDIA) PRIVATE LIMITED 
 

Past Directorships

 
 KISETSU SAISON FINANCE (INDIA) PRIVATE LIMITED 
 LMC Forum (India) Private Limited 
 Financial Hues Private Limited 
 27 Hills Tea Planters Private Limited 
 

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Amit holds no shares in the Company directly but, through his position as Partner in Hunch Ventures, has an interest in 12,044,462 Ordinary Shares.

Enquiries:

 
 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 / Isabelle 
  (Financial PR)          Smurfit 
                          +44 (0) 20 3757 6880 
                          mpl@newgatecomms.com 
 

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END

BOAFIFFALAILLIF

(END) Dow Jones Newswires

January 11, 2022 04:33 ET (09:33 GMT)

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