Earthport Regulatory News (EPO)

26 Jan 2010 14:29



26th January 2010

Earthport plc ("Earthport") or (the "Company")

Result of Placing

Earthport is pleased to announce that the placing announced this morning has now closed with commitments for the maximum number of 7,000,000 Placing Shares.

The Placing will raise £875,000 for the Company.

Certain Directors have agreed to participate in the Placing as follows:

Name No of Placing Shares

Mike Harrison, Chairman 1,200,000

Zafar Karim, Finance Director 400,000

Peter Chappell, Executive Director 280,000

The Placing Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 3 February 2009. The Placing is subject to Admission.

- ENDS -

For further details, please contact:

Panmure Gordon is acting for the Company only in connection with the Placing, and no one else, and will not be responsible to anyone other than the Company for providing the protections offered to clients of Panmure Gordon nor for providing advice in relation to the Placing.