Director/PDMR Shareholding

RNS Number : 0582K

Mercantile Ports & Logistics Ltd

29 December 2020

 

This announcement contains inside information

29 December 2020

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Director / PDMR Share Purchases

The Company announces the following purchases of ordinary shares in the Company on 29 December 2020 at a price of 0.24p per share:

Director / PDMR	Position	Shares	Price per share (£)	£
Jay Mehta	Managing Director	4,165,000	£0.0024	£9,996
Lord Howard Flight	Non-Executive Director	4,165,000	£0.0024	£9,996
John Fitzgerald	Non-Executive Director	4,165,000	£0.0024	£9,996
Jeremy Warner Allen	Chairman	8,330,000	£0.0024	£19,992
Jeremy Warner Allen*	Chairman	22,475,000	£0.0024	£53,940

*Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of the Company. Jeremy Warner Allen intends to transfer these shares to Hunch Ventures at the purchase price as soon as practicable.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jay Mehta
2	Reason for the notification
a)	Position/status	Managing Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports and Logistics Limited
b)	LEI	213800UT113BW8VXV311
4	Details of the transaction(s): section to be repeated 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 instrument, type of instrument	Ordinary shares of nil par value
	Identification code	ISIN: GG00B53M7D91
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price	No. of shares
			0.24p per share	4,165,000
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lord Howard Flight
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports and Logistics Limited
b)	LEI	213800UT113BW8VXV311
4	Details of the transaction(s): section to be repeated 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 instrument, type of instrument	Ordinary shares of nil par value
	Identification code	ISIN: GG00B53M7D91
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price	No. of shares
			0.24p per share	4,165,000
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Fitzgerald
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports and Logistics Limited
b)	LEI	213800UT113BW8VXV311
4	Details of the transaction(s): section to be repeated 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 instrument, type of instrument	Ordinary shares of nil par value
	Identification code	ISIN: GG00B53M7D91
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price	No. of shares
			0.24p per share	4,165,000
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jeremy Warner Allen
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports and Logistics Limited
b)	LEI	213800UT113BW8VXV311
4	Details of the transaction(s): section to be repeated 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 instrument, type of instrument	Ordinary shares of nil par value
	Identification code	ISIN: GG00B53M7D91
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price	No. of shares
			0.24p per share	8,330,000
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jeremy Warner Allen
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports and Logistics Limited
b)	LEI	213800UT113BW8VXV311
4	Details of the transaction(s): section to be repeated 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 instrument, type of instrument	Ordinary shares of nil par value
	Identification code	ISIN: GG00B53M7D91
b)	Nature of the transaction	Purchase of ordinary shares. Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of Mercantile Ports and Logistics Limited. Jeremy Warner Allen intends to transfer ownership of these shares to Hunch Ventures at the purchase price as soon as practicable
c)	Price(s) and volume(s)
			Price	No. of shares
			0.24p per share	22,475,000
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

-ENDS-

MPL	C/O Newgate Communications [phone]
Cenkos Securities plc (Nomad and Broker) Zeus Capital Limited (Joint broker)	Stephen Keys [phone] John Goold (Corporate Broking ) [phone]
Newgate Communications (Financial PR)	Adam Lloyd Isabelle Smurfit [phone] [e-mail]

 

END

 

 

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