| Earthport plc ("Earthport", the "Company" or the "Group") Issue of Awards under the 2016 Long Term Incentive Plan Earthport (AIM: EPO.L), the leading cross-border payment network, announces that the following nil-cost share awards under the 2016 Long Term Incentive Plan (the "Plan") to Amanda Mesler, Chief Executive Officer and Alexander Filshie, Chief Financial Officer, following their conditional appointment to the Board, subject to regulatory approval, on 21st May 2018 and 1st July 2018 respectively. Both Amanda Mesler and Alexander Filshie's appointment to the Board have been subsequently approved by the FCA and HMRC. Amanda Mesler has been granted awards over 8,500,000 ordinary shares at a nil exercise price. The vesting of the awards are as follows: No of Ordinary Shares | Vesting period | Performance Conditions | 1,000,000 | 30 June 2019 | N/a | 1,000,000 | 30 June 2020 | N/a | 1,000,000 | 30 June 2021 | N/a | 1,000,000 | 30 June 2022 | N/a | 500,000 | N/a | Daily closing share price is or exceeds 20p for 90 days | 1,000,000 | N/a | Daily closing share price is or exceeds 30p for 90 days | 1,000,000 | N/a | Daily closing share price is or exceeds 40p for 90 days | 2,000,000 | N/a | Daily closing share price is or exceeds 50p for 90 days |
Alexander Filshie has been granted awards over 1,000,000 ordinary shares at a nil exercise price. The vesting of the awards are as follows: No of Ordinary Shares | Vesting period | 333,333 | 30 June 2019 | 333,333 | 30 June 2020 | 333,333 | 30 June 2021 |
Unvested awards lapse on cessation of employment for any reason (or on giving notice, if earlier). For further information, please contact: |
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| Earthport plc | 020 7220 9700 | Sunil Sabharwal, Non-Executive Chairman |
| Amanda Mesler, Chief Executive Officer |
| Alexander Filshie, Chief Financial Officer |
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| N+1 Singer (Nominated Adviser and Joint Broker) | 020 7496 3000 | Mark Taylor / James White |
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| Shore Capital (Joint Broker) | 020 7408 4090 | Toby Gibbs / Stephane Auton |
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| Newgate Communications | 020 7653 9848 | Bob Huxford |
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The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below: 1 | Details of PDMR/person closely associated with them ("PCA") | (a) | Name | Amanda Mesler | (b) | Position / status | Chief Executive Officer | (c) | Initial notification / amendment | Initial notification | 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 of the financial instrument | Options over ordinary shares of 10p each |
| Legal Entity Identifier | 213800RCIAV2VC3HYP60 | (b) | Nature of the transaction | Grant of nil cost options | (c) | Price(s) and
volume(s) | Exercise Price | Volume(s) |
| Nil cost | 8,500,000 |
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| (d) | Aggregated information Aggregated volume Price | n/a | (e) | Date of the transaction | 21st May 2018 | (f) | Place of the transaction | Outside of a trading venue |
1 | Details of PDMR/person closely associated with them ("PCA") | (a) | Name | Alexander Filshie | (b) | Position / status | Chief Financial Officer | (c) | Initial notification / amendment | Initial notification | 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 of the financial instrument | Options over ordinary shares of 10p each |
| Legal Entity Identifier | 213800RCIAV2VC3HYP60 | (b) | Nature of the transaction | Grant of nil cost options | (c) | Price(s) and
volume(s) | Exercise Price | Volume(s) |
| Nil cost | 1,000,000 |
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| (d) | Aggregated information Aggregated volume Price | n/a | (e) | Date of the transaction | 1st July 2018 | (f) | Place of the transaction | Outside of a trading venue |
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