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Completion of Placing

9th Nov 2012 08:30

RNS Number : 6645Q
Earthport PLC
09 November 2012
 

9 November 2012

Earthport plc (the "Company")

 

Completion of Placing

 

Earthport, the global payments utility, is pleased to announce that, further to the announcement made on 22 October 2012 regarding the successful placing and subscription of 55,186,372 new ordinary shares (the "New Ordinary Shares"), the Company confirms that all the New Ordinary Shares have now been admitted to AIM and the Placing has completed.

 

As previously announced, of the 55,186,372 new Ordinary Shares, the issue of 3,151,724 New Ordinary Shares was conditional upon the approval of HMRC that these shares qualify for EIS taxation relief ("EIS Shares"). The Company has now received this approval and as such an application was made for EIS Shares to be admitted to trading on AIM with admission affective as of today.

 

Following the admission of the EIS Shares, the Company's enlarged issued share capital comprises 340,309,835 ordinary shares with one voting right per share. There are no shares held in treasury.

 

For further information, please contact:

 

Earthport plc

Hank Uberoi / Asif Ali

020 7220 9700

Newgate Threadneedle

Caroline Evans-Jones/ Josh Royston/ Fiona Conroy

020 7653 9850

Panmure Gordon

Katherine Roe / Victoria Boxall

020 7886 2500

Charles Stanley Securities

Mark Taylor / Paul Brotherhood

020 7149 6000

 

 

About Earthport

Earthport plc, a global financial services organisation, is a market leader in the provision of white-label cross border payment services. Through its international platform, Earthport provides low cost, secure, high volume global payment capabilities in 200 countries worldwide.

 

The Company has been making national and international payments and collections since 1998, and is regulated through its UK Financial Services Authority (FSA) status and SWIFT membership. Providing a transparent and reliable service, partners include some of the largest financial institutions and corporations in the world.

 

Earthport operates worldwide and is listed on the AIM market of the London Stock Exchange. To learn more, please visit www.earthport.com and follow us on Twitter @Earthport.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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