9th Jul 2008 07:00
9 July 2008
Earthport plc ("Earthport" or the "Company")
Exercise of Warrants
A Warrant Holder has exercised Warrants over 1,729,036 new Ordinary Shares of 10p each in the Company at 31.5p per share, realising £545,646 34p for the Company.
These Warrants were granted between October 2005 and January 2006 in relation to the reconstruction of the Company announced in October 2005. The Warrant Holder is a long term supporter of the Company who has taken part in every fund raising since October 2005 and is committed to the future of the Company.
As a result application has been made for 1,729,036 Ordinary Shares of 10p each in the Company to be admitted to AIM on Friday 11 July 2008.
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 80,657,411 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-
Earthport plc
Mike Harrison, Executive Chairman +44 (0)20 7220 9700
James Bergman, Chief Executive Officer +44 (0)20 7220 9700
Dawnay, Day Investment Banking
Adam Pollock
Nick Lovering +44 (0)20 7630 4100
Financial Dynamics
Jonathon Brill / Annie Evangeli +44 (0)20 7831 3113
Related Shares:
Earthport