Earthport PLC Completed Share Subscription (5090G)
June 07 2013 - 2:00AM
UK Regulatory
TIDMEPO
RNS Number : 5090G
Earthport PLC
07 June 2013
7 June 2013
Earthport plc
("Earthport" or the "Company")
Completed Share Subscription
Further to the announcement on 28 May 2013, Earthport (AIM: EPO)
is pleased to announced that the US$10m subscription by IFC, a
member of the World Bank Group, in shares of the Company has been
completed subject to admission. IFC has subscribed for 34,990,861
new ordinary shares ("Subscription Shares") at a price of 18.55
pence per ordinary share. The Subscription Shares
Application has been made to the London Stock Exchange for the
new ordinary shares, which will rank pari passu with the existing
shares in issue, to be admitted to trading on AIM, and admission is
expected to become effective on 10 June 2013.
Following the above admission, the Company's enlarged issued
share capital will comprise 385,283,294 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
385,283,294. This figure 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 FCA's Disclosure and Transparency Rules.
For further information, please contact:
Earthport plc
Hank Uberoi / Paul Thomas/ Chris Cowlard 020 7220 9700
Panmure Gordon
Fred Walsh / Victoria Boxall 020 7886 2500
Charles Stanley Securities
Mark Taylor / Paul Brotherhood 020 7149 6000
Newgate Threadneedle
Fiona Conroy / Caroline Evans-Jones
/ Josh Royston 020 7653 9850
About Earthport
Earthport plc, a regulated global financial services
organisation, specialises in the provision of a white label
cross-border payments service.
Through its innovative payments framework, specifically designed
for high volumes of low value cross-border payments, Earthport
provides a cost-effective and transparent service for secure
international payments. Earthport's clients include banks, foreign
exchange businesses, money transfer organisations, payment
aggregators and e-commerce businesses. Through Earthport's
well-established payments infrastructure, clients can clear and
settle payments directly to banked beneficiaries in over 50
countries.
The company is headquartered in London and is listed on the
Alternative Investment Market (AIM) on the London Stock Exchange.
It operates globally with additional regional offices in Dubai and
New York. Earthport plc is authorised and regulated by the
Financial Services Authority under the Payment Service Regulations
2009 for the provision of payment services. To learn more, please
visit www.earthport.com and follow us on Twitter @Earthport.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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