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RNS Number : 9115A
29 March 2017
29 March 2017
("Earthport" or "Company")
Issue of Equity
Earthport (AIM: EPO) has issued and allotted 440,000 new ordinary shares in the capital of the Company ("Ordinary Shares") in lieu of fees.
Accordingly, application has been made for the 440,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 4 April 2017.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.
Following admission, the Company's enlarged issued share capital will comprise 488,190,409 Ordinary Shares with one voting right per share. No Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 488,190,409.
This figure of 488,190,409 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will 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 FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Vinode Ramgopal /Phil Hickman 020 7220 9700
Newgate Communications 020 7653 9848
Bob Huxford / James Ash / James
N+1 Singer (Nominated Adviser
and Joint Broker) 020 7496 3000
Mark Taylor / James White
Shore Capital (Joint Broker) 020 7408 4090
Bidhi Bhoma / Toby Gibbs
Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers' evolving expectations of price, speed and transparency.
Earthport offers clients access to global payment capability in 190+ countries and territories, with local ACH (Automated Clearing House) options in 60+ countries and an evolving suite of currencies and settlement options.
Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.
The result - a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.
Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, Earthport is a public company, traded on the London Stock Exchange (AIM: EPO.L) with an institutional investor base including World Bank IFC, Oppenheimer, Blackrock, Henderson.
Please visit www.earthport.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
March 29, 2017 08:20 ET (12:20 GMT)