Earthport Regulatory News (EPO)

21 Dec 2007 15:30

Earthport PLC21 December 2007 21 December 2007 Earthport plc ('Earthport' or the 'Company') Conversion of Loan Stock and Exercise of Warrants Earthport announces that, 2,419,355 new Ordinary Shares of 10p each in theCompany, priced at 31p per Ordinary Share, have been issued and allotted as aresult of the conversion of £750,000 Convertible Loan Notes No. 1 2007. TheConvertible Loan Notes were directly linked to the issue of equity announced on27 September 2007 at 31p per share. This link established the conversion price. In addition, 63,858 new Ordinary Shares of 10p each, priced at 35p per OrdinaryShare have been issued and allotted as the result of the receipt of completedNotices of Exercise of Warrants and the receipt of £22,350.30. Application has been made for 2,483,213 Ordinary Shares of 10p each in theCompany to be admitted to AIM on Monday 24 December 2007. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesin the Company. Following the admission of the new Ordinary Shares, the Company's issued sharecapital will consist of 68,474,474 Ordinary Shares of 10p each, with votingrights. This figure may be used by shareholders in the Company, to determine if they arerequired to notify their interest in, or a change in their interest in, theshare capital of the Company under the FSA's Disclosure and Transparency rules. - Ends - For further information, please contact: Earthport plc Mike Harrison, Executive Chairman +44 (0) 20 7220 9700 Dawnay, Day Corporate Finance Nick Lovering +44 (0) 20 7509 4570 Dawnay, Day Corporate Broking Adam Pollock +44 (0) 20 7630 4100 Financial Dynamics Jonathon Brill / Annie Evangeli +44 (0) 20 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange