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Mercantile Ports&Log (MPL)

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Tuesday 11 January, 2022

Mercantile Ports&Log

Board Change and Change of Adviser

RNS Number : 0631Y
Mercantile Ports & Logistics Ltd
11 January 2022
 

11 January 2022 

 

Mercantile Ports & Logistics Limited

("MPL", the "Group" or the "Company")

 

Appointment of Non-Executive Director and Change of Adviser

 

Mercantile Ports & Logistics Limited, which is operating and developing out its port and logistics facility in Navi Mumbai, Maharashtra, India, is pleased to announce that Amit Dutta will be joining the Board as a Non-Executive Director with immediate effect.

Having qualified with a 1st Class Honors degree in Civil Engineering from Jadavpur University and completed an MBA from Indian Institute of Management, Mr Dutta joined Shaw Wallace & Co in 1988. From there, he spent over 11 years with Uniliver in India, rising to be head of marketing for the Tea business, a $0.5bn division by the time that he left to join Reliance Infocom in 2002. Since that time, Mr Dutta has had roles in companies including, General Motors, India, and American Express, India. He founded Quintessentially Lifestyle services, India in 2010 and joined Hunch Ventures as Managing Partner in 2018.

Jeremy Warner Allen, Chairman of MPL commented "Since Hunch's initial investment in MPL, we have become aware of the value that Amit can add and are delighted that he has agreed to join the board. Hunch has been a supportive partner and Amit joining the board is further evidence of Hunch's confidence in the prospects of the Group."

The Company further announces that Cenkos Securities plc, will now act as MPL's Nominated Adviser and Sole Broker.

 

Further information pursuant to Schedule Two, paragraph (g) of the AIM Rules:

Amit Dutta, aged 59, is currently or has previously been a director of the following companies within the past five years:

 
Current Directorships

ASTRAL TRAVELS PRIVATE LTD

SEA SPORT MARINE PRIVATE LIMITED

LUXURY HUES CONSULTANCY SERVICES (INDIA) PRIVATE LIMITED

QUINTESSENTIALLY LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED

LH CONSULTING PRIVATE LIMITED

RADIANT HUES CRM SOLUTIONS PRIVATE LIMITED

RADIANT HUES CONSULTANCY SERVICES PRIVATE LIMITED

TEAMONK GLOBAL FOODS PRIVATE LIMITED

HUES LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED

FLYBLADE (INDIA) PRIVATE LIMITED

 

Past Directorships

KISETSU SAISON FINANCE (INDIA) PRIVATE LIMITED

LMC Forum (India) Private Limited

Financial Hues Private Limited

27 Hills Tea Planters Private Limited

 

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Amit holds no shares in the Company directly but, through his position as Partner in Hunch Ventures, has an interest in 12,044,462 Ordinary Shares.

 

Enquiries:

 

MPL

C/O SEC Newgate

+44 (0) 20 3757 6880

 

Cenkos Securities plc

(Nomad and Broker)

Stephen Keys

+44 (0) 20 7397 8900

 

SEC Newgate

(Financial PR)

Elisabeth Cowell / Isabelle Smurfit

+44 (0) 20 3757 6880

[email protected]

 

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