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MPL Mercantile Ports & Logistics Limited

1.80
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mercantile Ports & Logistics Limited LSE:MPL London Ordinary Share GG00BKSH7R87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.80 1.70 1.90 1.80 1.80 1.80 111 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mercantile Ports & Logistics Ltd Directors' Share Purchases (8986R)

27/09/2017 7:00am

UK Regulatory


Mercantile Ports & Logis... (LSE:MPL)
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TIDMMPL

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       Initial 
       /Amendment 
---  -------------------------  ------------------------------------- 
 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             Ordinary shares of nil par 
       the financial              value 
       instrument, type 
       of instrument 
--- 
 
      Identification             ISIN: GG00B53M7D91 
       code 
 
 b)   Nature of the              Purchase of ordinary shares 
       transaction 
---  -------------------------  ------------------------------------- 
 c)   Price(s) and volume(s) 
---                               -------------  ------------------ 
                                   Price(s)       Volume(s) 
---                               -------------  ------------------ 
                                   8.25p per      150,000 shares 
                                    share 
                                  -------------  ------------------ 
 
 d)   Aggregated information 
--- 
                                 N/A - single transaction 
--- 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction    25(th) 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/           Position             Ordinary     Price           Date 
  PCA                                       shares      paid    of purchase 
                                         purchased       per 
                                                       share 
------------------  -----------------  -----------  --------  ------------- 
 Jay Mehta           Director              306,375     8.16p       20/09/17 
------------------  -----------------  -----------  --------  ------------- 
                     Chief Financial 
 Andrew Henderson     Officer               61,275     8.16p       20/09/17 
------------------  -----------------  -----------  --------  ------------- 
 Lord Howard         Non-Executive 
  Flight              Director             100,000     8.00p       21/09/17 
------------------  -----------------  -----------  --------  ------------- 
                     PCA with John 
                      Fitzgerald, 
                      Non-Executive 
 Laura Fitzgerald     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       Initial 
       /Amendment 
---  -------------------------  ------------------------------------- 
 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             Ordinary shares of nil par 
       the financial              value 
       instrument, type 
       of instrument 
--- 
 
      Identification             ISIN: GG00B53M7D91 
       code 
 
 b)   Nature of the              Purchase of ordinary shares 
       transaction 
---  -------------------------  ------------------------------------- 
 c)   Price(s) and volume(s) 
---                               -------------  ------------------ 
                                   Price(s)       Volume(s) 
---                               -------------  ------------------ 
                                   8.16p per      306,375 shares 
                                    share 
                                  -------------  ------------------ 
 
 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        Initial 
       /Amendment 
---  --------------------------  ------------------------------------- 
 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              Ordinary shares of nil par 
       the financial               value 
       instrument, type 
       of instrument 
--- 
 
      Identification              ISIN: GG00B53M7D91 
       code 
 
 b)   Nature of the               Purchase of ordinary shares 
       transaction 
---  --------------------------  ------------------------------------- 
 c)   Price(s) and volume(s) 
---                                -------------  ------------------ 
                                    Price(s)       Volume(s) 
---                                -------------  ------------------ 
                                    8.16p per      61,275 shares 
                                     share 
                                   -------------  ------------------ 
 
 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       Initial 
       /Amendment 
---  -------------------------  ------------------------------------- 
 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             Ordinary shares of nil par 
       the financial              value 
       instrument, type 
       of instrument 
--- 
 
      Identification             ISIN: GG00B53M7D91 
       code 
 
 b)   Nature of the              Purchase of ordinary shares 
       transaction 
---  -------------------------  ------------------------------------- 
 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       Initial 
       /Amendment 
---  -------------------------  ------------------------------------------- 
 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             Ordinary shares of nil par 
       the financial              value 
       instrument, type 
       of instrument 
--- 
 
      Identification             ISIN: GG00B53M7D91 
       code 
 
 b)   Nature of the              Purchase of ordinary shares 
       transaction                into ISA 
---  -------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s) 
---                               -----------------  -------------------- 
                                   Price(s)           Volume(s) 
---                               -----------------  -------------------- 
                                   7.5769p per        260,000 shares 
                                    share 
                                  -----------------  -------------------- 
 
 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

+44 (0) 20 382 4769

   Cenkos Securities plc                 Stephen Keys/Camilla Hume 
   (Nomad and Broker)                  +44 (0) 20 7397 8926 
   Redleaf PR                                    Charlie Geller/Fiona Norman 
   (Financial PR)                               +44 (0) 20 7382 4769 

MPL@redleafpr.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBIGDCLBDBGRL

(END) Dow Jones Newswires

September 27, 2017 02:00 ET (06:00 GMT)

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