TIDMMPL
RNS Number : 2268J
Mercantile Ports & Logistics Ltd
19 August 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF MERCANTILE PORTS & LOGISTICS
LIMITED.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO
ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE
PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT
2000 ("FSMA") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS
AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN
779021)
19 August 2021
Mercantile Ports & Logistics Limited
(" MPL " or the " Company " )
PrimaryBid Offer
Mercantile Ports & Logistics Limited (LON: MPL), the AIM
quoted owner, developer and operator of port and logistic
facilities in India , is pleased to announce, a conditional offer
for subscription via PrimaryBid (the "PrimaryBid Offer") of new
ordinary shares of nil pence each in the Company ("New Ordinary
Shares") at an issue price of 0.45 pence per New Ordinary Share
(the "Issue Price"), being a discount of 18.1 per cent to the
closing mid-price on 18 August 2021. The Company is also conducting
a placing and subscription of new Ordinary Shares at the Issue
Price by way of an accelerated bookbuild process (the "Placing and
Subscription") as announced earlier today.
The PrimaryBid Offer and the Placing and Subscription (the
"Transaction") are conditional on Shareholder approval at the
General Meeting to be held on or around 9 September 2021. The
Transaction is also conditional on the new Ordinary Shares to be
issued pursuant to the PrimaryBid Offer and the Placing being
admitted to trading on AIM ("Admission"). Admission is expected to
be take place at 8.00 a.m. on 10 September 2021 . The PrimaryBid
Offer will not be completed without the Placing also being
completed.
The Company will use the funds raised to fund the servicing of
new and existing contracts, the construction of further storage
facilities, debt servicing and general working capital
purposes.
PrimaryBid Offer
The Company values its retail investor base and is therefore
pleased to provide private and other investors the opportunity to
participate in the PrimaryBid Offer by applying exclusively through
the PrimaryBid mobile app available on the Apple App Store and
Google Play. PrimaryBid does not charge investors any commission
for this service.
The PrimaryBid Offer, via the PrimaryBid mobile app, will be
open to individual and institutional investors following the
release of this announcement. The PrimaryBid Offer is expected to
close no later than 8 p.m. on
19 August 2021 . The PrimaryBid Offer may close early if it is oversubscribed.
The Company reserves the right to scale back any order at its
discretion. The Company and PrimaryBid reserve the right to reject
any application for subscription under the PrimaryBid Offer without
giving any reason for such rejection.
No commission is charged to investors on applications to
participate in the PrimaryBid Offer made through PrimaryBid. It is
vital to note that once an application for New Ordinary Shares has
been made and accepted via PrimaryBid, an application cannot be
withdrawn.
For further information on PrimaryBid or the procedure for
applications under the PrimaryBid Offer, visit www.PrimaryBid.com
or email PrimaryBid at enquiries@primarybid.com.
The New Ordinary Shares will be issued free of all liens,
charges and encumbrances and will, when issued and fully paid, rank
pari passu in all respects with the Company's existing Ordinary
Shares.
Mercantile Ports & Logistics Limited C/O Newgate Communications
Jay Mehta +44 (0)20 3757 6880
PrimaryBid Limited enquiries@primarybid.com
F ahim Chowdhury / James Deal
Cenkos Securities plc (Nominated Adviser and
Joint Broker)
Stephen Keys +44 (0)20 7397 8900
Zeus Capital Limited (Joint Broker)
Daniel Harris/Andrew Jones/James Hornigold +44 (0)203 829 5000
Newgate Communications (Financial PR)
Adam Lloyd/Isabelle Smurfit +44 (0)20 3757 6880
Details of the PrimaryBid Offer
The Company highly values its retail investor base which has
supported the Company alongside institutional investors over
several years. Given the longstanding support of retail
shareholders, the Company believes that it is appropriate to
provide retail and other interested investors the opportunity to
participate in the PrimaryBid Offer. The Company is therefore
making the PrimaryBid Offer available exclusively through the
PrimaryBid mobile app.
The PrimaryBid Offer is offered under the exemptions against the
need for a prospectus allowed under the Prospectus Rules. As such,
there is no need for publication of a prospectus pursuant to the
Prospectus Rules, or for approval of the same by the Financial
Conduct Authority in its capacity as the UK Listing Authority. The
PrimaryBid Offer is not being made into any Restricted Jurisdiction
or any other jurisdiction where it would be unlawful to do so.
There is a minimum subscription of GBP250 per investor under the
terms of the PrimaryBid Offer which is open to existing
shareholders and other investors subscribing via the PrimaryBid
mobile app.
For further details please refer to the PrimaryBid website at
www.PrimaryBid.com . The terms and conditions on which the
PrimaryBid Offer is made, including the procedure for application
and payment for New Ordinary Shares, is available to all persons
who register with PrimaryBid.
Investors should make their own investigations into the merits
of an investment in the Company. Nothing in this announcement
amounts to a recommendation to invest in the Company or amounts to
investment, taxation or legal advice.
It should be noted that a subscription for New Ordinary Shares
and investment in the Company carries a number of risks. Investors
should consider the risk factors set out on www.PrimaryBid.com
before making a decision to subscribe for New Ordinary Shares.
Investors should take independent advice from a person experienced
in advising on investment in securities such as the New Ordinary
Shares if they are in any doubt.
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 rns@lseg.com or visit www.rns.com .
END
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEBUGDISXBDGBC
(END) Dow Jones Newswires
August 19, 2021 11:36 ET (15:36 GMT)
Mercantile Ports & Logis... (LSE:MPL)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
Mercantile Ports & Logis... (LSE:MPL)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025
