Earthport Regulatory News (EPO)

20 Jul 2006 11:09

Earthport PLC20 July 2006 Earthport plc ('Earthport' or 'the Company') Conversion of Loan Notes 20 July 2006 The Company announces that, following the receipt of a valid conversion noticeon 19 July 2006, £250,000 Convertible Loan Notes No.1 2005 held by GeneralCapital Venture Finance Limited ("GCVFL") have been converted into 598,086 newOrdinary Shares of 10p each at a price of 41.8p per Ordinary share. As a result of the conversion, 598,086 new Ordinary Shares of 10p each have beenissued and allotted and application has been made for them to be admitted totrading on AIM on Wednesday 26 July 2006. These new Ordinary shares will rank pari passu with the existing Ordinary sharesin the Company. Following the listing the total number of Ordinary Shares in issue will be32,698,073. GCVFL is a wholly owned subsidiary of General Capital Group plc, a company inwhich Jonathan Hill, a Non Executive Director of Earthport, has an interest. - End- Press enquiries: For Earthport Mike Harrison Chairman - Earthport plc +44 20 7220 9700 Lulu Bridges / Paul Dulieu - Tavistock Communications +44 20 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange