18th Sep 2007 07:02
Earthport PLC18 September 2007 18 September 2007 Earthport plc ("Earthport" or the "Company") Conversion of Loan Stock and Issue of Equity Earthport announces that as a result of the conversion of £1.125m ConvertibleLoan Notes No. 1 2005, 2,693,540 new Ordinary Shares of 10p each in the Companyat 41.8p per Ordinary Share have been issued and allotted. Interest accruing on these loan notes amounting to £90,657, has been satisfiedby the allotment of 302,191 new Ordinary Shares of 10p each in the Company at30p per ordinary share. The Company is also pleased to announce that it has raised a further £2m for theCompany through the issue of 6,451,613 new Ordinary Shares of 10p each in theCompany at 31p per Ordinary Share. Application has been made for 9,447,344 Ordinary Shares of 10p each in theCompany to be admitted to AIM on Thursday 20 September 2007. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesin the Company. Mike Harrison, Chairman of Earthport commented: "We are encouraged by thesupport shown by new and existing shareholders in this funding round, which was placed at market price." Following the admission of the new Ordinary Shares, the Company's issued sharecapital will consist of 61,393,021 Ordinary Shares of 10p each, with votingrights. This figure may be used by shareholders in the Company, to determine if they arerequired 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 ExchangeRelated Shares:
Earthport