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Mercantile Ports&Log (MPL)

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Friday 07 December, 2018

Mercantile Ports&Log

Director/PDMR Shareholding

RNS Number : 7469J
Mercantile Ports & Logistics Ltd
07 December 2018
 

7 December 2018

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

 

Director / PDMR Share Purchase

 

Further to the Company's announcements on 16 November 2018 and 6 December 2018, MPL announces that certain Directors and their persons closely associated have, following Admission today, acquired ordinary shares of nil par value in the Company ("Ordinary Shares") via either the placement, subscription or open offer. Shares acquired are set out below:

 

 

Number of Ordinary Shares acquired a 2p per share

Total beneficial interest in Ordinary Shares held following Admission

Nikhil Gandhi*

(Executive Chairman)

-

42,720,000

Pavandeep Bakhshi

(Managing Director)

10,000,000

                         11,626,153

Jay Mehta

(Chief Operating Officer)

5,000,000

                           5,306,375

Lord Howard Flight

(Non-executive Director)

3,000,000

                           4,250,000

John Fitzgerald**

(Non-Executive Director)

2,000,000

                           2,260,000

Karanpal Singh***

(Non-Executive Director)

414,349,000

                      414,349,000

Jeremy Warner Allen

(Non-Executive Director)

7,510,000

                           7,550,000

Andrew Henderson

(Chief Financial Officer)

515,318

                               576,593

 

*Nikhil Gandhi's Ordinary Shares are held by SKIL Global Ports & Logistics Limited, which is ultimately beneficially owned by Nikhil Gandhi and is considered to be a person closely associated with Mr Ghandi.

 

**of these 2,000,000 Ordinary shares acquired, 500,000 were acquired by Mr Fitzgerald's wife, Laura Fitzgerald.

 

***Karanpal Singh's interest are all held indirectly through Hunch Ventures and Investment Private Limited, a company which is ultimately beneficially owned by Karanpal Singh and considered to be a person closely associated with Mr Singh.

 

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

 

 

1.    Pavandeep Bakhshi

2.    Jay Mehta

3.    Lord Howard Flight

4.    John Fitzgerald

5.    Laura Fitzgerald

6.    Hunch Ventures

7.    Jeremy Warner Allen

8.    Andrew Henderson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1.    Managing Director

2.    Chief Operating Officer

3.    Non-Executive Director

4.    Non-Executive Director

5.    Person closely associated with John Fitzgerald

6.    Person closely associated with Karanpal Singh

7.    Non-Executive Director

8.    Chief Financial Officer

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

 

 

N/A

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

 

 

 

1.           £0.020

2.           £0.020

3.           £0.020

4.           £0.020

5.           £0.020

6.           £0.020

7.           £0.020

8.           £0.020

1.   10,000,000

2.   5,000,000

3.   3,000,000

4.   1,500,000

5.   500,000

6.   414,349,000

7.   7,510,000

8.   515,318

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

7 December 2018

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

-ENDS-

MPL

C/O Newgate Communications

+44 (0) 20 3757 6880

 

Cenkos Securities plc

(Nomad and Broker)

Stephen Keys

+44 (0) 20 7397 8900

 

Newgate Communications

(Financial PR)

Adam Lloyd

Fiona Norman

+44 (0) 20 3757 6880

[email protected]

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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