Directors' Share Purchases

RNS Number : 8986R

Mercantile Ports & Logistics Ltd

26 September 2017

 

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Directors' Share Purchases

&

Correction re. Directors' Share purchases

The Company announces that Howard Flight, Non-Executive Director, purchased 150,000 ordinary shares in the Company on 25 September 2017 at a price of 8.25p per share.

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	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	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(s)	Volume(s)
			8.25p per share	150,000 shares
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	25th September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Furthermore, the Company announces that the following amendment has been made to the 'Directors' Share Purchases ' announcement released on 25 September 2017 at 7.00 a.m. under RNS No 6390R. The announcement stated that certain directors and their persons closely associated ("PCAs") had purchased an aggregate of 827,650 ordinary shares in the Company. This has been corrected to 727,650.    

All other details remain unchanged.

The full amended text is shown below.

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Directors' Share Purchases

The Company announces that certain directors and their persons closely associated ("PCAs") have recently purchased an aggregate of 727,650 ordinary shares in the Company in the following amounts.

Director/ PCA	Position	Ordinary shares purchased	Price paid per share	Date of purchase
Jay Mehta	Director	306,375	8.16p	20/09/17
Andrew Henderson	Chief Financial Officer	61,275	8.16p	20/09/17
Lord Howard Flight	Non-Executive Director	100,000	8.00p	21/09/17
Laura Fitzgerald	PCA with John Fitzgerald, Non-Executive Director	260,000	7.5769p	20/09/17

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	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	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(s)	Volume(s)
			8.16p per share	306,375 shares
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Henderson
2	Reason for the notification
a)	Position/status	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(s)	Volume(s)
			8.16p per share	61,275 shares
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 September 2017
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	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(s)	Volume(s)
			8p per share	100,000 shares
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	21 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Laura Fitzgerald
2	Reason for the notification
a)	Position/status	Person closely associated with John Fitzgerald, 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	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 into ISA
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			7.5769p per share	260,000 shares
d)	Aggregated information
		N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

- ENDS -

Enquiries:

MPL                                                   Pavan Bakhshi/Jay Mehta

                                                            C/O Redleaf Communications

             [phone] 

Cenkos Securities plc                 Stephen Keys/Camilla Hume
(Nomad and Broker)                  [phone]

Redleaf PR                                    Charlie Geller/Fiona Norman
(Financial PR)                               [phone]

                                                           [e-mail] 

 

END

 

 

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