Business
Retail Offer
Retail Offer.
About this update from Mercantile Ports & Logistics Limited
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (THE \"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS STATES, TERRITORIES AND POSSESSIONS (\"UNITED STATES\"), AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES.\nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (\"UNITED KINGDOM\" OR \"UK\") FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (\"FPO\") (WHICH INCLUDES AN EXISTING SHAREHOLDER OF MERCANTILE PORTS & LOGISTICS LIMITED). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS.\n \n8 June 2023\n \n\nMercantile Ports & Logistics Limited\n(\"MPL\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \nRetail Offer to raise gross proceeds of up to £1.20 million\nMercantile Ports & Logistics Limited (AIM: MPL), which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, is pleased to announce a proposed retail offer via the BookBuild platform (the \"Retail Offer\") to raise gross proceeds of up to £1.20 million (before expenses) through the issue of new ordinary shares of no par value in the Company (\"Ordinary Shares\"). Under the Retail Offer, up to 40,000,000 new Ordinary Shares (the \"Retail Shares\") will be made available at a price equal to 3 pence per share (\"Issue Price\").\nIn addition to the Retail Offer and as announced earlier today, the Company is also proposing a placing of new Ordinary Shares (the \"Placing Shares\") to raise a minimum of £3.00 million (before expenses) (the \"Placing\") and a subscription by certain existing and new invest...