EPO Earthport Plc

TIDMEPO

RNS Number : 2010O

Earthport PLC

03 November 2016

3 November 2016

Earthport plc

("Earthport" or the "Company")

Board Change and New Chief Commercial Officer

Earthport (AIM: EPO), the leading payment network for cross-border transactions, is pleased to announce that Michael R. Steinharter has joined Earthport in the new position of Chief Commercial Officer, effective immediately. In addition, Sajeev Viswanathan has decided to step down from the board as an Executive Director and will pass on his management responsibilities to Mike Steinharter.

Mike brings a great range of experience to Earthport, building, managing and growing successful sales organisations at some of the largest and most respected technology service companies. Among his many roles, Mike spent over 20 years selling to the financial services sector at IBM with significant management responsibility in New York, London, and Sydney. Mike has also served as president of Reuters America and built a significant financial services practice at Computer Sciences Corporation (CSC).

Sajeev Viswanathan decided to step down from the board as an Executive Director and will pass on his management responsibilities to Mike Steinharter. Sajeev has been instrumental in establishing our presence across the various regions in the emerging markets. As announced this morning, Earthport has received the Reserve Bank of India's approval to provide cross border payment solutions to banks in India. It is a potentially significant opportunity for Earthport and we are pleased that Sajeev has agreed to stay on with Earthport to help us launch and build on our presence in India for the next several months.

We thank Sajeev for his significant contribution to Earthport and wish him the best in his future endeavours. We welcome Mike at an important point in Earthport's growth.

For further information, please contact:

Earthport plc 020 7220 9700

Hank Uberoi, Chief Executive Officer

Simon Adamiyatt, Chief Financial Officer

Newgate 020 7653 9848

Bob Huxford / Helena Bogle

020 7653 9848

   Panmure Gordon (Nominated Adviser and Joint Broker)                              020 7886 2500 

Dominic Morley / Fabien Holler / Charles Leigh-Pemberton

N+1 Singer (Joint Broker) 020 7496 3000

Mark Taylor / James White

Shore Capital (Joint Broker) 020 7408 4090

Bidhi Bhoma/ Toby Gibbs

This information is provided by RNS

The company news service from the London Stock Exchange

END

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