Mercantile Ports & Logistics Ltd Replacement Director/PDMR Shareholding (7723L)

TIDMMPL

RNS Number : 7723L

Mercantile Ports & Logistics Ltd

31 December 2018

The Company's 'Director / PDMR Share Purchase' announcement released on 19 December 2018 at 11.09 a.m. under RNS No 9853K was released in error and should be disregarded. The replacement announcement which concerns the same transaction with the correct details is shown below.

31 December 2018

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

Director / PDMR Share Dealings

The Company announces that on 27 December 2018, John Fitzgerald and his wife transferred shares from their own name into an ISA account controlled by themselves via a sale and repurchase.

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                           1. John Fitzgerald 
                                      2. Laura Fitzgerald 
     -----------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                1. Non-Executive Director 
                                      2. Person closely associated with 
                                      John Fitzgerald 
     -----------------------------  --------------------------------------------- 
 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      Sale of ordinary shares 
     -----------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s) 
                                           ---------------  ---------------- 
                                             Price           No. of shares 
                                           ---------------  ---------------- 
                                            1. GBP0.023      1. 874,200 
                                             2. GBP0.023      2. 500,000 
                                           ---------------  ---------------- 
 
 d)   Aggregated information 
                                     N/A - single transaction 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction        27 December 2018 
     -----------------------------  --------------------------------------------- 
 f)   Place of the transaction       London Stock Exchange, AIM Market 
                                      (XLON) 
     -----------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          1. John Fitzgerald 
                                     2. Laura Fitzgerald 
     ----------------------------  --------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status               1. Non-Executive Director 
                                     2. Person closely associated with 
                                     John Fitzgerald 
     ----------------------------  --------------------------------------------- 
 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 through 
                                     ISA 
     ----------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s) 
                                          -----------------  -------------- 
                                            Price             No. of shares 
                                          -----------------  -------------- 
                                           1. GBP0.02305      1. 867,500 
                                            2. GBP0.02305      2. 494,000 
                                          -----------------  -------------- 
 
 d)   Aggregated information 
                                    N/A - single transaction 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction       27 December 2018 
     ----------------------------  --------------------------------------------- 
 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.

END

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December 31, 2018 02:00 ET (07:00 GMT)