18th Apr 2013 10:44
18 April 2013
Earthport plc
("Earthport" or the "Company)
Issue of Share Options
The Board of Earthport plc (AIM: EPO), the cross-border payments service provider, announces that the following options over new ordinary shares of 10p each in Earthport have been granted to its Non-Executive Directors as follows:
New Grant | Total number of options held post grant | % of Issued Share Capital | |
Phil Hickman | 300,000 | 900,000 | 0.26% |
Vinode Ramgopal | 200,000 | 600,000 | 0.17% |
Terry Williams | 200,000 | 600,000 | 0.17% |
Mohit Davar | 200,000 | 950,000 | 0.27% |
These options vest over two years and have an exercise price of 25p each.
Following the above grants, the fully diluted number of shares shall be 441,053,009 of which options shall represent 16.59%. Of the outstanding options, 41.89% are conditional on certain performance conditions being met.
For further information, please contact:
Earthport plc Hank Uberoi / Chris Cowlard/Paul Thomas
| 020 7220 9700 |
Panmure Gordon Fred Walsh/ Victoria Boxall
| 020 7886 2500 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Newgate Threadneedle Caroline Evans-Jones/ Josh Royston/ Fiona Conroy | 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 customers include banks, foreign exchange businesses, money transfer organisations, payment aggregators and e-commerce businesses. Through Earthport's well established payments infrastructure, customers 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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