Director/PDMR Shareholdings

Mercantile Ports & Logistics Ltd

28 June 2023

 

28 June 2023

Mercantile Ports & Logistics Limited

("MPL" or the "Company" and, together with its subsidiaries, the "Group")

Director/PDMR Shareholdings

Mercantile Ports & Logistics Limited (AIM: MPL), which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, announces that as detailed in the announcement dated 8 June 2023 and further to admission of the Placing Shares, Subscription Shares and Retail Offer Shares today, the Board of MPL beneficially hold Ordinary Shares as follows:

Director	Number of Ordinary Shares prior to Admission	Number of Placing Shares subscribed for at the Placing Price	Number of Subscription Shares subscribed at the Placing Price	Number of Ordinary Shares held on Admission	% of Enlarged Share Capital on Admission
Jay Mehta	205,780	-	3,333,333	3,539,113	1.0
Hunch Ventures	11,819,712	-	125,000,000	136,819,712	39.9
Jeremy Warner Allen	519,545	3,333,333	-	3,852,878	1.1
Lord Howard Flight	230,538	400,000	-	630,538	0.2

Capitalised terms used but not defined in this announcement have the same meanings as set out in the circular to Shareholders dated 9 June 2023.

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

MPL	c/o SEC Newgate [phone]
Cenkos Securities plc (Nomad and Broker)	Stephen Keys [phone]
SEC Newgate (Financial Communications)	Elisabeth Cowell/ Bob Huxford [phone] [e-mail]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED 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	Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports & 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	GG00BKSH7R87
b)	Nature of the transaction	Purchase of Ordinary Shares in Subscription
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		3 pence	3,333,333
d)	Aggregated information
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	XOFF

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jeremy Warner Allen
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports & 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	GG00BKSH7R87
b)	Nature of the transaction	Purchase of Ordinary Shares in Placing
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		3 pence	3,333,333
d)	Aggregated information
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	XOFF

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 Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports & 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	GG00BKSH7R87
b)	Nature of the transaction	Purchase of Ordinary Shares in Placing
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		3 pence	400,000
d)	Aggregated information
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	XOFF

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hunch Ventures & Investments Pvt. Ltd
2	Reason for the notification
a)	Position/status	Person closely associated (PCA) with Karanpal Singh, Non-Executive Director of the Company
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mercantile Ports & 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	GG00BKSH7R87
b)	Nature of the transaction	Purchase of Ordinary Shares in Subscription
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		3 pence	125,000,000
d)	Aggregated information
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	XOFF

 

END