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 [phone]
Cenkos Securities plc (Nomad and Broker)	Stephen Keys [phone]
Newgate Communications (Financial PR)	Adam Lloyd Fiona Norman [phone] [e-mail]

 

END

 

 

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