Mercantile Ports & Logistics Ltd Director/PDMR Shareholding (5033C)

TIDMMPL

RNS Number : 5033C

Mercantile Ports & Logistics Ltd

17 June 2019

17 June 2019

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Director / PDMR Share Purchase

The Company announces that Howard Flight, Non-Executive Director, through his pension scheme purchased 1,250,000 ordinary shares in the Company on 14 June 2019 at a price of 1.94p 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                                   The Mr & Mrs HE Flight Pension Trust 
      -------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                        Person closely associated with Lord 
                                               Howard Flight 
      -------------------------------------  -------------------------------------------- 
 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                                    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                     Ordinary shares of nil par value 
        financial instrument, 
        type of instrument 
 
       Identification code                    ISIN: GG00B53M7D91 
 
 b)    Nature of the transaction              Purchase of ordinary shares 
      -------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              --------------  ------------------------- 
                                                Price          No. of shares 
                                              --------------  ------------------------- 
                                               1.942p          1,250,000 
                                              --------------  ------------------------- 
 
 d)    Aggregated information 
   N/A - single transaction 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                14 June 2019 
      -------------------------------------  -------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, AIM Market 
                                               (XLON) 
      -------------------------------------  -------------------------------------------- 
 

-ENDS-

 
 MPL                      C/O Newgate Communications 
                           [phone] 
 Cenkos Securities plc    Stephen Keys 
  (Nomad and Broker)       [phone] 
 Newgate Communications   Adam Lloyd 
  (Financial PR)           Fiona Norman 
                           [phone] 
                           [e-mail] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

June 17, 2019 08:59 ET (12:59 GMT)