TIDMEPO
RNS Number : 7162J
Earthport PLC
04 April 2018
4 April 2018
Earthport Plc
("Earthport" or the "Company")
Issue of Equity / Director Dealings
Earthport (AIM: EPO.L), the leading cross border payment
services utility, announces that, pursuant to the previously
announced Long Term Incentive Plan ("LTIP"), under which
participants may be granted nil cost options or restricted stock
units ("RSU") sourced using new issue shares, and Joint Share
Ownership Plan, the Company has allotted 10 million new ordinary
shares to the trustees of Earthport's employee share ownership
plan. These shares will be used to satisfy exercises in relation to
already granted awards or future awards, including the awards made
on 22nd November 2017 and in the past to directors, EMT members and
other employees.
In addition to the above, Company has issued and allotted
309,944 new ordinary shares of 10 pence each in lieu of fees to a
third party adviser.
Accordingly, application has been made for the 10,309,944 new
Ordinary Shares to be admitted to trading on AIM and it is expected
that admission will take place on 5 April 2018. The new ordinary
shares will rank pari passu in all respects with the existing
ordinary shares of the Company.
Following allotment of the 10,309,944 million new ordinary
shares the Company's enlarged issued share capital will comprise
623,500,353 ordinary shares with one voting right per share. There
are no shares held in treasury and the total number of voting
rights in the Company is therefore 623,500,353.
The figure of 623,500,353 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 change in their interest in, the share capital of
the Company, under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Director Dealings
The Company has granted options over a total of 1 million
ordinary shares at nil cost to Phil Hickman (Interim CEO) as part
of his remuneration for his new role. These options will vest on 31
December 2018.
The Company also announces that Hank Uberoi became entitled to
1.6 million ordinary shares in the capital of the company in
connection with the vesting of previously granted and announced
restricted stock units, which were part of his remuneration as
Chief Executive for the period 1 January 2016 to 31 December 2017.
928,000 ordinary shares will be transferred to him on 11 April 2018
for no payment by the trustee of the company's employee share
ownership plan trust and the balance of the ordinary shares will be
retained by the trustee in settlement of tax withholding
obligations.
Following this, Mr Uberoi's aggregate controlled interest in
Earthport totals to 27,908,120 ordinary shares, representing 4.55
per cent. of the issued share capital of the Company.
For further information, please contact:
Earthport Plc 020 7220 9700
Phil Hickman, Chief Executive Officer (Interim)
Hank Uberoi, Executive Chairman
Newgate 020 7653 9848
Bob Huxford/James Ash
N+1 Singer (Nomad & Joint Broker) 020 7496 3000
Mark Taylor/James White
Shore Capital (Joint Broker) 020 7408 4090
Toby Gibbs/Stephane Auton
About Earthport
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
200+ countries and territories, with local ACH options in 65+
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).
Please visit www.earthport.com for more information.
1 Details of PDMR/person closely associated
with them ("PCA")
---- ----------------------------------------------------------
(a) Name Philip Hickman
---- --------------------- -----------------------------------
(b) Position / Interim Chief Executive Officer
status
---- --------------------- -----------------------------------
(c) Initial notification Initial notification
/ amendment
---- --------------------- -----------------------------------
2 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ----------------------------------------------------------
(a) Description Nil cost share award over ordinary
of the financial shares of 10p each
instrument
---- --------------------- -----------------------------------
Legal Entity 213800RCIAV2VC3HYP60
Identifier
---- --------------------- -----------------------------------
(b) Nature of the Grant of nil cost share award
transaction
---- --------------------- -----------------------------------
(c) Price(s) and Exercise Volume(s)
volume(s) price(s)
----------- ----------
Nil 1,000,000
----------- ----------
---- --------------------- -----------------------------------
(d) Aggregated n/a
information
Aggregated
volume Price
---- --------------------- -----------------------------------
(e) Date of the 4 April 2018
transaction
---- --------------------- -----------------------------------
(f) Place of the Outside of a trading venue
transaction
---- --------------------- -----------------------------------
1 Details of PDMR/person closely associated
with them ("PCA")
---- -------------------------------------------------------------
(a) Name Hank Uberoi
---- --------------------- --------------------------------------
(b) Position / Executive Chairman
status
---- --------------------- --------------------------------------
(c) Initial notification Initial notification
/ amendment
---- --------------------- --------------------------------------
2 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -------------------------------------------------------------
(a) Description Ordinary shares of 10p each
of the financial
instrument
---- --------------------- --------------------------------------
Legal Entity 213800RCIAV2VC3HYP60
Identifier
---- --------------------- --------------------------------------
(b) Nature of the Transfer of ordinary shares following
transaction vesting of nil cost share award
---- --------------------- --------------------------------------
(c) Price(s) and Exercise Volume(s)
volume(s) price(s)
----------- ----------
Nil 928,000
----------- ----------
---- --------------------- --------------------------------------
(d) Aggregated n/a
information
Aggregated
volume Price
---- --------------------- --------------------------------------
(e) Date of the 11 April 2018
transaction
---- --------------------- --------------------------------------
(f) Place of the Outside of a trading venue
transaction
---- --------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEIJMBTMBBMTBP
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