7th Jun 2013 07:00
7 June 2013
Earthport plc
("Earthport" or the "Company")
Completed Share Subscription
Further to the announcement on 28 May 2013, Earthport (AIM: EPO) is pleased to announced that the US$10m subscription by IFC, a member of the World Bank Group, in shares of the Company has been completed subject to admission. IFC has subscribed for 34,990,861 new ordinary shares ("Subscription Shares") at a price of 18.55 pence per ordinary share. The Subscription Shares
Application has been made to the London Stock Exchange for the new ordinary shares, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 10 June 2013.
Following the above admission, the Company's enlarged issued share capital will comprise 385,283,294 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 385,283,294. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Earthport plc Hank Uberoi / Paul Thomas/ Chris Cowlard
| 020 7220 9700 |
Panmure Gordon Fred Walsh / Victoria Boxall
| 020 7886 2500 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Newgate Threadneedle Fiona Conroy / Caroline Evans-Jones / Josh Royston
| 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, foreign exchange businesses, money transfer organisations, payment aggregators and e-commerce 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 Services Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us on Twitter @Earthport.
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Earthport