Mercantile Ports & Logistics Ltd Director/PDMR Shareholding
12 August 2024 - 8:00AM
RNS Regulatory News
RNS Number : 9837Z
Mercantile Ports & Logistics Ltd
12 August 2024
12 August 2024
Mercantile Ports &
Logistics Limited
("MPL" or
the "Company" and, together with its
subsidiaries, the "Group")
Director/PDMR
Shareholding
Mercantile Ports & Logistics
Limited, which is operating and continuing to develop a port and
logistics facility in Navi Mumbai, Maharashtra, India, announces
that it has been notified that Jay Mehta, Chief Executive Officer
of the Company, has sold 80,048 ordinary shares of nil par value
each in the capital of the Company ("Ordinary Shares") at a price
of 1.60 pence per Ordinary Share.
As a result, Jay Mehta is now
interested in a total of 3,459,109 Ordinary Shares, representing
0.97% of the Company's issued share capital.
The information below, set out in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail.
- Ends -
For
further information, please visit www.mercpl.com or contact:
|
MPL
|
c/o SEC Newgate
+44 (0) 20 3757 6880
|
|
Cavendish Capital Markets Limited
(Nomad and Broker)
|
Stephen Keys
+44 (0) 207 220 0500
|
|
SEC
Newgate
(Financial
Communications)
|
Elisabeth Cowell/ Bob
Huxford
+44 (0) 20 3757 6880
mpl@newgatecomms.com
|
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Jay Mehta
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
Chief Executive Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Mercantile Ports & 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 financial
instrument, type of instrument
Identification Code
|
Ordinary shares of nil par value
ISIN: GG00BKSH7R87
|
|
b.
|
Nature of the transaction
|
Sale of Ordinary Shares
|
|
c.
|
Price(s) and volume(s)
|
|
|
Price(s)
|
Volume(s)
|
|
1.60 pence
|
80,048
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Not applicable
|
|
e.
|
Date of the transaction
|
8 August 2024
|
|
f.
|
Place of the transaction
|
AIMX
|
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END
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