REG - Mercantile Ports&Log - Director/PDMR Shareholding

Mercantile Ports & LogisticsAnnouncement

29/12/2020 16:55

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
mpl@newgatecomms.com




 

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