Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Mercantile Ports & Logistics Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 2268J\n Mercantile Ports & Logistics Ltd\n 19 August 2021\n \n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n 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.\n \n \n 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.\n \n \n 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)\n \n \n \n \n \n \n \n \n \n \n \n \n 19 August 2021\n \n \n \n \n \n Mercantile Ports & Logistics Limited \n \n \n (\"\n \n MPL\n \n \" or the \"\n \n Company\n \n \"\n ) \n \n \n PrimaryBid Offer\n \n \n \n \n \n Mercantile Ports & Logistics Limited \n (LON: MPL), the AIM quoted \n owner, developer and operator of port and logistic facilities in India\n , \n is pleased to announce, a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\") of new ordinary shares of \n nil\n \n \n \n pence each in the Company (\"New Ordinary Shares\") at an issue price of \n 0.45\n pence per New Ordinary Share (the \"Issue Price\"), being a discount of \n 18.1\n 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 \n (the \"Placing and Subscription\") as announced earlier today.\n \n \n 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 \n new Ordinary Shares to be issued pursuant to the PrimaryBid Offer and the Placing being admitted to trading on \n AIM\n (\"Admission\...