Issue of Equity

Date : 03/07/2007 @ 7:01AM
Source : UK Regulatory (RNS & others)
Stock : Earthport (EPO)
Quote : 15.25  0.0 (0.00%) @ 11:35AM
Earthport share price Chart

Issue of Equity

RNS Number:5007S
Earthport PLC
07 March 2007

NEWS RELEASE                            
7 March 2007

                  Earthport plc ("Earthport" or the "Company")                  
                                Issue of Equity                                 

Earthport is pleased to announce that it has raised a further #1,067,650 for the
company through the issue of 4,641,955 new Ordinary Shares of 10p each in the
Company at 23p per Ordinary Share.

This completes the equity funding round announced on 7 December 2006 and 2
January 2007 on the same terms. The round was closed at #3.0m. (an extra #68,000
allowed one institution to be allotted the full amount it had subscribed for).

The new Ordinary Shares have been issued and allotted and application has been
made for them to be admitted to AIM on 13 March 2007.

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 47,273,060 Ordinary Shares of 10p each, with voting

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.

David Fife, CEO of Earthport commented "The completion of this round of funding
with a range of US and UK investors, combined with recent US channel partners
wins that we have announced, marks another positive milestone in Earthport's
progress towards being recognised as the leading international Universal Payment
Network ('UPN')".

Mike Harrison, Chairman noted "We are pleased with the widening of our
institutional shareholder base and the continued support of existing investors,
which offers further validation of the significant potential of Earthport's UPN"

The board would like to thank KeyIP Ltd for their assistance in this successful
investment round.


Press Enquiries

Mike Harrison Chairman - Earthport plc                         +44 20 7220 9700
Mark Ashurst - Canaccord Adams Limited                         +44 20 7050 6500
Lulu Bridges/Polly Hutchinson                                  +44 20 7920 3150

                      This information is provided by RNS
            The company news service from the London Stock Exchange


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