Mercantile Ports & Logistics Ltd Director's Share Purchase (1490S)

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RNS Number : 1490S

Mercantile Ports & Logistics Ltd

28 September 2017

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Director's Share Purchase

The Company announces that Pavan Bakhshi, Managing Director, purchased 246,153 ordinary shares in the Company on 28 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                       Pavan Bakhshi 
---  -------------------------  ------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status            Managing 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      246,153 shares 
                                    share 
                                  -------------  ------------------ 
 
 d)   Aggregated information 
--- 
                                 N/A - single transaction 
--- 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction    28 September 2017 
---  -------------------------  ------------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
                                  Market (XLON) 
---  -------------------------  ------------------------------------- 
 

- ENDS -

Enquiries:

   MPL                                                Pavan Bakhshi/Jay Mehta 

C/O Redleaf Communications

[phone]

   Cenkos Securities plc                 Stephen Keys/Camilla Hume 
   (Nomad and Broker)                  [phone] 
   Redleaf PR                                   Charlie Geller/Fiona Norman 
   (Financial PR)                               [phone] 

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 28, 2017 11:10 ET (15:10 GMT)