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Share Name Share Symbol Market Type Share ISIN Share Description
Mercantile Ports & Logistics Limited LSE:MPL London Ordinary Share GG00B53M7D91 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.015 2.14% 0.715 0.68 0.75 0.725 0.70 0.72 1,575,000 09:56:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -5.0 0.0 - 14

Mercantile Ports & Logistics Ltd Director/PDMR Shareholding

29/12/2020 4:55pm

UK Regulatory (RNS & others)


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

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:

 
                                                         Price per share 
 Director / PDMR        Position                Shares             (GBP)         GBP 
 Jay Mehta              Managing Director    4,165,000         GBP0.0024    GBP9,996 
                        Non-Executive 
 Lord Howard Flight      Director            4,165,000         GBP0.0024    GBP9,996 
                        Non-Executive 
 John Fitzgerald         Director            4,165,000         GBP0.0024    GBP9,996 
 Jeremy Warner Allen    Chairman             8,330,000         GBP0.0024   GBP19,992 
 Jeremy Warner Allen*   Chairman            22,475,000         GBP0.0024   GBP53,940 
 

*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                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 
                                           --------------------------  -------------- 
    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                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 
                                           --------------------------  -------------- 
    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                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 
                                           --------------------------  -------------- 
    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                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 
                                           --------------------------  -------------- 
    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               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. 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    Stephen Keys 
  (Nomad and Broker)       +44 (0) 20 7397 8900 
  Zeus Capital Limited     John Goold (Corporate Broking 
  (Joint broker)           ) 
                           +44 (0)203 829 5000 
 Newgate Communications   Adam Lloyd 
  (Financial PR)           Isabelle Smurfit 
                           +44 (0) 20 3757 6880 
                           mpl@newgatecomms.com 
 

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END

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(END) Dow Jones Newswires

December 29, 2020 11:55 ET (16:55 GMT)

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