Earthport : Issue of Awards under Long Term Incentive Plan

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 21^st May 2018 and 1^st 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:
Earthport plc	020 7220 9700
Sunil Sabharwal, Non-Executive Chairman
Amanda Mesler, Chief Executive Officer
Alexander Filshie, Chief Financial Officer
N+1 Singer (Nominated Adviser and Joint Broker)	020 7496 3000
Mark Taylor / James White
Shore Capital (Joint Broker)	020 7408 4090
Toby Gibbs / Stephane Auton
Newgate Communications	020 7653 9848
Bob Huxford

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
(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
(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