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2 Months : From Apr 2019 to Jun 2019
RNS Number : 9611Y
15 May 2019
15 May 2019
("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
2008/2011 Employee Incentive
2013 Long Term Incentive
2016 Long Term Incentive
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
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(END) Dow Jones Newswires
May 15, 2019 02:02 ET (06:02 GMT)