TIDMEPO

RNS Number : 9611Y

Earthport PLC

15 May 2019

15 May 2019

Earthport plc

("Earthport" or "the Company")

Block Listing Admission

Earthport announces that an application has been made to the London Stock Exchange for an additional block listing admission of 40,714,978 ordinary shares of 10 pence each (the "New Ordinary Shares") to be admitted to trading on AIM in connection with the Company's share incentive schemes ("Schemes") as outlined below:

 
 Incentive Scheme                No of New Ordinary 
                                             Shares 
 2008/2011 Employee Incentive 
  Plan                                    5,975,424 
 2013 Long Term Incentive 
  Plan                                    1,899,604 
 2016 Long Term Incentive 
  Plan                                    7,125,799 
 Joint Share Ownership Plan               1,969,151 
 Director share options                  23,745,000

It is proposed that some or all of these New Ordinary Shares will be issued pursuant to the exercise of existing options by persons participating in the Schemes. Once issued, it is expected that the holders of such New Ordinary Shares will accept the offer from Visa International Service Association (which was recently declared wholly unconditional) to acquire the Company's shares.

When issued, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. Admission of the New Ordinary Shares is expected to take place on 16 May 2019.

The total number of ordinary shares of 10 pence each in the Company as at the date of this announcement remains 653,119,263. There are currently nil shares held in treasury. The total number of voting rights in the Company is therefore 653,119,263. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

For further information, please contact:

Earthport Plc 020 7220 9700

Amanda Mesler, Chief Executive Officer

Alexander Filshie, Chief Financial Officer

Newgate 020 7653 9840

Bob Huxford / Ian Silvera

   N+1 Singer (Nomad & Joint Broker)                                             020 7496 3000

Mark Taylor / James White

Shore Capital (Joint Broker) 020 7408 4090

Toby Gibbs / Stephane Auton

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 15, 2019 02:02 ET (06:02 GMT)

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