Mercantile Ports & Logistics Ltd Board Change and Change of Adviser (0631Y)
11 January 2022 - 8:33PM
UK Regulatory
TIDMMPL
RNS Number : 0631Y
Mercantile Ports & Logistics Ltd
11 January 2022
11 January 2022
Mercantile Ports & Logistics Limited
("MPL", the "Group" or the "Company")
Appointment of Non-Executive Director and Change of Adviser
Mercantile Ports & Logistics Limited, which is operating and
developing out its port and logistics facility in Navi Mumbai,
Maharashtra, India, is pleased to announce that Amit Dutta will be
joining the Board as a Non-Executive Director with immediate
effect.
Having qualified with a 1(st) Class Honors degree in Civil
Engineering from Jadavpur University and completed an MBA from
Indian Institute of Management, Mr Dutta joined Shaw Wallace &
Co in 1988. From there, he spent over 11 years with Uniliver in
India, rising to be head of marketing for the Tea business, a
$0.5bn division by the time that he left to join Reliance Infocom
in 2002. Since that time, Mr Dutta has had roles in companies
including, General Motors, India, and American Express, India. He
founded Quintessentially Lifestyle services, India in 2010 and
joined Hunch Ventures as Managing Partner in 2018.
Jeremy Warner Allen, Chairman of MPL commented "Since Hunch's
initial investment in MPL, we have become aware of the value that
Amit can add and are delighted that he has agreed to join the
board. Hunch has been a supportive partner and Amit joining the
board is further evidence of Hunch's confidence in the prospects of
the Group."
The Company further announces that Cenkos Securities plc, will
now act as MPL's Nominated Adviser and Sole Broker.
Further information pursuant to Schedule Two, paragraph (g) of
the AIM Rules:
Amit Dutta, aged 59, is currently or has previously been a
director of the following companies within the past five years:
Current Directorships
ASTRAL TRAVELS PRIVATE LTD
SEA SPORT MARINE PRIVATE LIMITED
LUXURY HUES CONSULTANCY SERVICES (INDIA) PRIVATE
LIMITED
QUINTESSENTIALLY LIFESTYLE SERVICES (INDIA) PRIVATE
LIMITED
LH CONSULTING PRIVATE LIMITED
RADIANT HUES CRM SOLUTIONS PRIVATE LIMITED
RADIANT HUES CONSULTANCY SERVICES PRIVATE LIMITED
TEAMONK GLOBAL FOODS PRIVATE LIMITED
HUES LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED
FLYBLADE (INDIA) PRIVATE LIMITED
Past Directorships
KISETSU SAISON FINANCE (INDIA) PRIVATE LIMITED
LMC Forum (India) Private Limited
Financial Hues Private Limited
27 Hills Tea Planters Private Limited
There is no further information required to be disclosed
pursuant to Schedule Two, paragraph (g) of the AIM Rules for
Companies.
Amit holds no shares in the Company directly but, through his
position as Partner in Hunch Ventures, has an interest in
12,044,462 Ordinary Shares.
Enquiries:
MPL C/O SEC Newgate
+44 (0) 20 3757 6880
Cenkos Securities plc Stephen Keys
(Nomad and Broker) +44 (0) 20 7397 8900
SEC Newgate Elisabeth Cowell / Isabelle
(Financial PR) Smurfit
+44 (0) 20 3757 6880
mpl@newgatecomms.com
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END
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