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| 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 |
From Apr 2019 to Apr 2024
TIDMMPL
RNS Number : 2996U
Mercantile Ports & Logistics Ltd
17 January 2017
17 January 2017
Mercantile Ports & Logistics Limited (the "Company")
Update on Subscription
On 31 October 2016, Mercantile Ports and Logistics announced that, as part of a fundraising to raise up to GBP37.6 million, the Company entered into a subscription agreement with, amongst others, Mr. Nikhil Gandhi and SKIL Global Ports & Logistics Limited (an investment vehicle ultimately owned beneficially by Mr. Gandhi).
Pursuant to this agreement Mr. Gandhi agreed to subscribe (either in his personal capacity or via SKIL Global and/or an affiliate) for 30,000,000 ordinary shares in the Company at 10p per share ("the Subscription Shares"); this being equal to an aggregate subscription amount of GBP3.0 million (the "Subscription Amount").
The Company is pleased to announce that yesterday Mr Gandhi paid the Subscription Amount into a bank account controlled by the Company in India. The Company will issue the Subscription Shares to Mr Gandhi as soon as the customary regulatory approval is received to enable the funds to be held with the rest of the placing proceeds in the Company's principal bank account in Guernsey.
A further announcement will be made when the Subscription Shares are issued.
Enquiries:
Hot Features
Premium
MPL Pavan Bakhshi/Jay Mehta
C/O Redleaf Communications
+44 (0) 20 7382 4769
Cenkos Securities plc Stephen Keys/Camilla
(Nomad and Broker) Hume
+44 (0) 20 7397 8900
Redleaf Communications Charlie Geller/Sam Modlin
(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
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(END) Dow Jones Newswires
January 17, 2017 02:00 ET (07:00 GMT)
1 Year Mercantile Ports & Logis... Chart |
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