29th Jun 2009 13:00
29 June 2009
Earthport plc ("Earthport" or the "Company")
Exercise of Warrants
Warrant Holders have exercised Warrants, which expire on 31 December 2009, over 1,071,428 new Ordinary Shares of 10p each in the Company at 35p per share and Warrants, which expire on 31 October 2009, over 190,000 new Ordinary Shares of 10p each at 40p per share realising a total of £451,000 for the Company.
In addition staff options have been has been exercised over 987 new Ordinary Shares of 10p each in the Company at 38p per share, 132,500 new Ordinary Shares at 35p per share and 217,000 new Ordinary Shares at 29p per share raising a total of £109,680 for the Company.
Therefore the exercise has realised a total of £560,680 for the Company.
As a result application has been made for 1,611,915 Ordinary Shares of 10p each in the Company to be admitted to AIM on Friday 3 July 2009.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.
Following the admission of the new Ordinary Shares, the Company's issued share capital will consist of 87,511,337 Ordinary Shares of 10p each, with voting rights.
This figure may be used by shareholders in the Company, to determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency rules.
-Ends-
For further information, please contact:
|
Earthport plc James Bergman, Chief Executive Officer |
+44 (0)20 7220 9700 |
|
Panmure Gordon Limited Katherine Roe |
+44 (0)20 7459 3600 |
|
Financial Dynamics Jonathon Brill / Alex Beagley / Edward Westropp |
+44 (0)20 7831 3113 |
Related Shares:
Earthport