Issue of Equity

27 Sep 2007 07:01

Earthport PLC27 September 2007 27 September 2007 Earthport plc ("Earthport" or the "Company") Issue of Equity Earthport is pleased to announce that it has raised a further £1m for the Company through the issue of 3,225,806 new Ordinary Shares of 10p each in the Company at 31p per Ordinary Share. Application has been made for 3,225,806 Ordinary Shares of 10p each in the Company to be admitted to AIM on Monday 1 October 2007. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesin the Company. Mike Harrison, Chairman of Earthport commented: "I am very encouraged that existing institutional shareholders, both in the UK and US, have taken this opportunity to increase their holdings by investing in this tranche, which was placed at market price." Following the admission of the new Ordinary Shares, the Company's issued sharecapital will consist of 64,618,827 Ordinary Shares of 10p each, with voting rights. This figure may be used by shareholders in the Company, to determine if theyare required 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 Press EnquiriesMike Harrison Chairman - Earthport plc +44 20 7220 9700Mark Ashurst - Canaccord Adams Limited +44 20 7050 6500Lulu Bridges/Polly Hutchinson +44 20 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange