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Mercantile Ports&Log (MPL)

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Tuesday 29 December, 2020

Mercantile Ports&Log

Director/PDMR Shareholding

RNS Number : 0582K
Mercantile Ports & Logistics Ltd
29 December 2020
 

This announcement contains inside information

 

29 December 2020

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

 

Director / PDMR Share Purchases

 

The Company announces the following purchases of ordinary shares in the Company on 29 December 2020 at a price of 0.24p per share:

 

Director / PDMR

Position

Shares

Price per share (£)

£

Jay Mehta

Managing Director

4,165,000

£0.0024

£9,996

Lord Howard Flight

Non-Executive Director

4,165,000

£0.0024

£9,996

John Fitzgerald

Non-Executive Director

4,165,000

£0.0024

£9,996

Jeremy Warner Allen

Chairman

8,330,000

£0.0024

£19,992

Jeremy Warner Allen*

Chairman

22,475,000

£0.0024

£53,940

 

*Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of the Company. Jeremy Warner Allen intends to transfer these shares to Hunch Ventures at the purchase price as soon as practicable.

 

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

 

 

Managing 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

 

 

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

ISIN: GG00B53M7D91

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

  Price

No. of shares

 

 

 

0.24p per share

4,165,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

29 December 2020

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

 

 

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

ISIN: GG00B53M7D91

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

  Price

No. of shares

 

 

 

0.24p per share

4,165,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

29 December 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

John Fitzgerald

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

 

 

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

ISIN: GG00B53M7D91

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

  Price

No. of shares

 

 

 

0.24p per share

4,165,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

29 December 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jeremy Warner Allen

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

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

 

 

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

ISIN: GG00B53M7D91

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

  Price

No. of shares

 

 

 

0.24p per share

8,330,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

29 December 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jeremy Warner Allen

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

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

 

 

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

ISIN: GG00B53M7D91

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares. Purchased for the benefit of Hunch Ventures & Investments Pvt. Ltd, a person closely associated (PCA) with Karanpal Singh, Non-Executive Director of Mercantile Ports and Logistics Limited. Jeremy Warner Allen intends to transfer ownership of these shares to Hunch Ventures at the purchase price as soon as practicable

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

  Price

No. of shares

 

 

 

0.24p per share

22,475,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

N/A - single transaction

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

29 December 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

 

-ENDS-

MPL

C/O Newgate Communications

+44 (0) 20 3757 6880

 

Cenkos Securities plc

(Nomad and Broker)

 

 

Zeus Capital Limited

(Joint broker)

 

Stephen Keys

+44 (0) 20 7397 8900

 

 

 

John Goold (Corporate Broking )

 

+44 (0)203 829 5000

 

 

Newgate Communications

(Financial PR)

Adam Lloyd

Isabelle Smurfit

+44 (0) 20 3757 6880

[email protected]

 

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