RE: November presentation25 Jan 2019 16:01
Earthport plc
("Earthport", the "Company" or the "Group")
Issue of Awards under the 2016 Long Term Incentive Plan
Earthport (AIM: EPO.L), the leading cross-border payment network, announces that the following nil-cost share awards under the 2016 Long Term Incentive Plan (the "Plan") to Amanda Mesler, Chief Executive Officer and Alexander Filshie, Chief Financial Officer, following their conditional appointment to the Board, subject to regulatory approval, on 21st May 2018 and 1st July 2018 respectively. Both Amanda Mesler and Alexander Filshie's appointment to the Board have been subsequently approved by the FCA and HMRC.
Amanda Mesler has been granted awards over 8,500,000 ordinary shares at a nil exercise price. The vesting of the awards are as follows:
No of Ordinary Shares
Vesting period
Performance Conditions
1,000,000
30 June 2019
N/a
1,000,000
30 June 2020
N/a
1,000,000
30 June 2021
N/a
1,000,000
30 June 2022
N/a
500,000
N/a
Daily closing share price is or exceeds 20p for 90 days
1,000,000
N/a
Daily closing share price is or exceeds 30p for 90 days
1,000,000
N/a
Daily closing share price is or exceeds 40p for 90 days
2,000,000
N/a
Daily closing share price is or exceeds 50p for 90 days
Alexander Filshie has been granted awards over 1,000,000 ordinary shares at a nil exercise price. The vesting of the awards are as follows: