Earthport PLC Issue of Equity (1468P)

TIDMEPO

RNS Number : 1468P

Earthport PLC

15 November 2016

15 November 2016

Earthport plc

("Earthport" or the "Company")

Issue of Equity

Further to its announcement made on 19 October 2016 (RNS Number: 8882M), the Company has issued and allotted 10,797,671 new ordinary shares of 10 pence each to the holders of Contingent Value Rights from the 2013 acquisition of Baydonhill plc, at an average issue price of 20.00p.

Accordingly, application has been made for the 10,797,671 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 18 November 2016.

The new ordinary shares will rank pari passu with the existing shares of the Company.

Following admission of the new ordinary shares, the Company's enlarged issued share capital will comprise 487,750,409 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 487,750,409.

This figure of 487,750,409 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 a 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 020 7220 9700

Hank Uberoi, Chief Executive Officer

Simon Adamiyatt, Chief Financial Officer

Newgate 020 7653 9848

Bob Huxford / Helena Bogle

020 7653 9848

   Panmure Gordon (Nominated Adviser and Joint Broker)                              020 7886 2500 

Dominic Morley / Fabien Holler / Charles Leigh-Pemberton

N+1 Singer (Joint Broker) 020 7496 3000

Mark Taylor / James White

Shore Capital (Joint Broker) 020 7408 4090

Bidhi Bhoma/ Toby Gibbs

This information is provided by RNS

The company news service from the London Stock Exchange

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November 15, 2016 02:00 ET (07:00 GMT)