Earthport Regulatory News (EPO)

4 April 2018

Earthport Plc

("Earthport" or the "Company")

Issue of Equity / Director Dealings

Earthport (AIM: EPO.L), the leading cross border payment services utility, announces that, pursuant to the previously announced Long Term Incentive Plan ("LTIP"), under which participants may be granted nil cost options or restricted stock units ("RSU") sourced using new issue shares, and Joint Share Ownership Plan, the Company has allotted 10 million new ordinary shares to the trustees of Earthport's employee share ownership plan. These shares will be used to satisfy exercises in relation to already granted awards or future awards, including the awards made on 22nd November 2017 and in the past to directors, EMT members and other employees.

In addition to the above, Company has issued and allotted 309,944 new ordinary shares of 10 pence each in lieu of fees to a third party adviser.

Accordingly, application has been made for the 10,309,944 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 5 April 2018. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Following allotment of the 10,309,944 million new ordinary shares the Company's enlarged issued share capital will comprise 623,500,353 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 623,500,353.

The figure of 623,500,353 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in their interest in, the share capital of the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Director Dealings

The Company has granted options over a total of 1 million ordinary shares at nil cost to Phil Hickman (Interim CEO) as part of his remuneration for his new role. These options will vest on 31 December 2018.

The Company also announces that Hank Uberoi became entitled to 1.6 million ordinary shares in the capital of the company in connection with the vesting of previously granted and announced restricted stock units, which were part of his remuneration as Chief Executive for the period 1 January 2016 to 31 December 2017. 928,000 ordinary shares will be transferred to him on 11 April 2018 for no payment by the trustee of the company's employee share ownership plan trust and the balance of the ordinary shares will be retained by the trustee in settlement of tax withholding obligations. 

Following this, Mr Uberoi's aggregate controlled interest in Earthport totals to 27,908,120 ordinary shares, representing 4.55 per cent. of the issued share capital of the Company.

For further information, please contact:

Earthport Plc 020 7220 9700

Phil Hickman, Chief Executive Officer (Interim)

Hank Uberoi, Executive Chairman

Newgate 020 7653 9848

Bob Huxford/James Ash

N+1 Singer (Nomad & Joint Broker) 020 7496 3000

Mark Taylor/James White

Shore Capital (Joint Broker) 020 7408 4090

Toby Gibbs/Stephane Auton

About Earthport

Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers' evolving expectations of price, speed and transparency.

Earthport offers clients access to global payment capability in 200+ countries and territories, with local ACH options in 65+ countries and an evolving suite of currencies and settlement options.

Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.

The result - a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.

Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, Earthport is a public company, traded on the London Stock Exchange (AIM: EPO).

Please visit www.earthport.com for more information.