2 Jun 2009 07:00
2 June 2009
Earthport plc ("Earthport" or the "Company")
Exercise of Warrants
Warrant Holders have exercised Warrants, which expire on 31 December 2009, over 4,000,000 new Ordinary Shares of 10p each in the Company at 35p per share, realising £1,400,000 for the Company.
In addition a staff option has been exercised over 60,000 new Ordinary Shares of 10p each the Company at 35p per share raising £21,000 for the Company.
As a result application has been made for 4,060,000 Ordinary Shares of 10p each in the Company to be admitted to AIM on Friday 5 June 2009.
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 85,899,422 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
James Bergman, Chief Executive Officer +44 (0)20 7220 9700
Panmure Gordon Limited
Adam Pollock
Katherine Roe +44 (0)20 7459 3600
Financial Dynamics
Jonathon Brill / Alex Beagley +44 (0)20 7831 3113