13 Jun 2008 07:00
13 June 2008
Earthport plc ("Earthport" or the "Company")
Exercise of Warrants and Staff Options
Warrant Holders have exercised warrants over 2,539,516 new Ordinary Shares of 10p each in the Company at 35p per share, realising £888,830 for the Company.
Staff Options over 149,500 new Ordinary Shares of 10p each in the Company have been exercised at 35p per share, realising £52,325 for the Company.
As a result application has been made for 2,689,016 Ordinary Shares of 10p each in the Company to be admitted to AIM on Wednesday 18 June 2008.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.
Following the admission of the new Ordinary Shares, the Company's issued share capital will consist of 76,569,640 Ordinary Shares of 10p each, with voting rights.
This figure may be used by shareholders in the Company, to determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency rules.
-Ends-
Earthport plc
Mike Harrison, Executive Chairman +44 (0)20 7220 9700
James Bergman, Chief Executive Officer +44 (0)20 7220 9700
Dawnay, Day Investment Banking
Adam Pollock
Nick Lovering +44 (0)20 7630 4100
Financial Dynamics
Jonathon Brill / Annie Evangeli +44 (0)20 7831 3113