TIDMMPL

RNS Number : 1929H

Mercantile Ports & Logistics Ltd

02 December 2020

2 December 2020

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 4,200,000 ordinary shares in the Company on 1 December 2020 at a price of 0.23p 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 
                                              --------------  ------------------------- 
                                               0.23p           4,200,000 
                                              --------------  ------------------------- 
 
 d)    Aggregated information 
   N/A - single transaction 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                1 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 02, 2020 02:00 ET (07:00 GMT)

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