11 Mar 2014 12:37
11 March 2014
Earthport plc
("Earthport" or the "Company)
Issue of Share Options
The Board of Earthport plc (AIM: EPO), the cross-border payments service provider, announces that the following options over new ordinary shares of 10p each in Earthport have been granted on 3 March 2014 to its Non-Executive Directors as follows:
New Grant | Total number of options held post grant | % of Issued Share Capital | |
Phil Hickman | 300,000 | 1,200,000 | 0.31% |
Vinode Ramgopal | 200,000 | 800,000 | 0.20% |
Terry Williams | 200,000 | 800,000 | 0.20% |
Mohit Davar | 200,000 | 1,150,000 | 0.29% |
These options vest over two years and have an exercise price of 32.75p each.
Following the above grants, the fully diluted number of shares shall be 512,069,252 of which options shall represent 13.38%. Of the outstanding options, 48.06% are conditional on certain performance conditions being met.
For further information, please contact:
Earthport plc Hank Uberoi
| 020 7220 9700 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Panmure Gordon Katherine Roe / Fred Walsh / Grishma Patel
| 020 7886 2500 |
Newgate Threadneedle Fiona Conroy / Caroline Evans-Jones / Josh Royston / Jasper Randall
| 020 7653 9850 |
About Earthport
Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.
Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's clients include banks, money transfer organisations, payment aggregators, e-commerce and foreign exchange businesses. Through Earthport's well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in over 50 countries.
The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.