24 Jun 2015 07:01
24 June 2015
Earthport plc
("Earthport", the "Company" or the "Group")
Sale of Shares
The Company has received notification on 23 June 2015 from Hank Uberoi, Chief Executive of Earthport, that the Uberoi Foundation sold 142,329 ordinary shares at a price of 43 pence per share. This is to fund charitable commitments. The foundation continues to hold 1,657,671 shares.
Following this disposal, Mr Uberoi's aggregate controlled interest in Earthport totals 25,920,121 ordinary shares, representing 5.44 per cent. of the issued share capital of the Company, and are held as follows:
Name | Ordinary Shares held |
|
|
Haystack Investments II, Ltd (77.07% owned by Hu Investments) | 22,880,632
|
HU Investments L.L.C | 1,381,818 |
|
|
Total controlled by HU investments
| 24,262,450
|
Uberoi Foundation | 1,657,671 |
|
|
Total | 25,920,121 |
For further information, please contact:
Earthport plc Hank Uberoi, Chief Executive Officer Simon Adamiyatt, Chief Financial Officer
| 020 7220 9700 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Panmure Gordon Fred Walsh / Duncan Monteith / Maisie Atkinson
| 020 7886 2500 |
Newgate Tim Thompson / Bob Huxford / Helena Bogle | 020 7653 9850 |
About Earthport Earthport is the largest open global bank payment network, serving financial institutions, ecommerce companies and money transfer organisations. With one connection to Earthport, our clients - representing some of the world's most respected brands - benefit from the wide range of cost effective cross border payment options, coupled with sophisticated validation and compliance services.
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. One of the FinTech50, Earthport has been defined as a disruptive force, transforming the future of finance, and is also the recipient of the 2015 Grant Thornton Technology company of the year award and FStech Retail Systems' 2014 B2B Payments Innovation of the Year. Find out more at www.earthport.com and on Twitter @Earthport,LinkedIn, YouTube, Slideshare and Google+.