28 Oct 2015 13:23
28 October 2015
Earthport plc
("Earthport" or "Company")
Issue of Equity
Director / PDMR Shareholding
The Company has issued and allotted 285,000 new ordinary shares pursuant to the exercise of 185,000 options at an exercise prices of 35 pence per ordinary share and 100,000 options at an exercise price of 25 pence per ordinary share.
In addition, the Company announces that Chris Cowlard today exercised an option to acquire 150,000 ordinary shares of 10 pence each at an exercise price of nil pence per share, which were transferred from the Employee Share Option Plan ("ESOP") and were sold in the open market. These options were granted under the 2013 ESOP. He still has the holding of 2,325,000 shares subject to awards under the LTIP and Joint Share Ownership Plan ("JSOP").
Accordingly, application has been made for the 285,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 3 November 2015.
The new ordinary shares will rank pari passu with the existing shares of the Company.
Following admission, the Company's enlarged share capital will comprise 476,796,902 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 476,796,902.
This figure of 476,796,902 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 a change of interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Earthport plc Hank Uberoi, Chief Executive Officer Simon Adamiyatt, Chief Financial Officer | 020 7220 9700 |
Panmure Gordon Mark Taylor / Fred Walsh |
020 7886 2500 |
Newgate Tim Thompson / Bob Huxford / Helena Bogle | 020 7653 9850 |
About Earthport:
Earthport plc is a financial services organisation providing cross-border payments services to banks, e-commerce providers, money transfer companies and payment administrators. Earthport is headquartered in London with a regional office in New York.
One of the FinTech50 2015 - judged to be the game-changers transforming the future of finance - Earthport is also winner of the Grant Thornton Quoted Company Awards 2015 Technology company of the year award and FStech/Retail Systems' B2B Payments Innovation of the Year (2014).
Earthport provides the industry with the largest open network for global bank payments. Worldwide, over 50 banks are connected into Earthport's network for the efficient clearing of low value payments. With one connection to Earthport's network, clients benefit from sophisticated validation and compliance services, efficiently serving their customers with more innovative payment products.
Earthport is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. Find out more at www.earthport.com and on Twitter @Earthport, LinkedIn, Youtube, Slideshare and Google+.