Subscription Update and Issue of Equity

RNS Number : 6615I

Mercantile Ports & Logistics Ltd

21 June 2017

 

21 June 2017

Mercantile Ports & Logistics Limited

(the "Company")

Subscription Update and Issue of Equity

Further to the Company's announcement on 17 January 2017 (RNS No: 2996U) the Company announces that it has issued the 30,000,000 new ordinary shares of nil par value (the "Subscription Shares") to Mr. Ghandi.

Accordingly an application has been made for the Subscription Shares to be admitted to trading on AIM on 23 June 2017 ("Admission"). Following Admission, the Company's enlarged issued share capital will comprise 414,017,699 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 414,017,699. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

MPL	Pavan Bakhshi/Jay Mehta C/O Redleaf Communications [phone]
Cenkos Securities plc         (Nomad and Broker)	Stephen Keys/Camilla Hume [phone]
Redleaf Communications    (Financial PR)	Charlie Geller/Sam Modlin [phone] [e-mail]

 

END

 

 

IOEEANKEALEXEFF