June 25, 2019 8:15 AM ET

IT Services

Company Overview of Earthport plc

Company Overview

Earthport Plc, a financial services company, provides payment services in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Transactional and Professional Services. It offers cross-border payment services through the combination of a network of segregated bank accounts in various geographies; software that mirrors the movements of funds from bank to bank; and the knowledge base embedded in the platform and the organization related to each of the countries. The company provides its services to banks and financial institutions, aggregators, money service businesses, and FX houses. Earthport Plc was incorporated in 1997 and is hea...

140 Aldersgate Street

London,  EC1A 4HY

United Kingdom

Founded in 1997

214 Employees

Phone:

44 20 7220 9700

Key Executives for Earthport plc

CEO & Executive Director
Age: 54
CFO & Executive Director
Age: 50
Chief Operating Officer
Head of India
Chief Technology Officer
Compensation as of Fiscal Year 2018.

Earthport plc Key Developments

Earthport plc Announces Appointment of Directors

Earthport plc announced the following Board appointments. David AdamJosephs and Leanna Laiying Kuan Kuo have been appointed to the board of Earthport as directors with immediate effect. David Josephs is currently Vice President and Head of Visa Direct at Visa Europe and Leanna Kuo is currently Vice President North America Corporate Accounting at Visa Inc. The on-going appointments remain conditional on receipt of FCA approval.

Earthport PLC Board Applies To London Stock Exchange For The Cancellation Of The Admission To Trading Of Its Shares On AIM

As announced by Visa International Service Association on 8 May 2019, the Offer has become unconditional in all respects. As Visa has acquired or agreed to acquire Earthport PLC Shares which, together with any Earthport Shares already owned by Visa, represent 75 per cent. or more of the voting rights attaching to the Earthport Shares, the Earthport Board has applied to the London Stock Exchange for the cancellation of the admission to trading of Earthport Shares on AIM (the "Cancellation"). It is anticipated that the Cancellation will take effect on or shortly after 7.00 a.m. (London time) on 7 June 2019. Following the cancellation of trading of the Earthport Shares on AIM, Visa has announced that it will re-register Earthport as a private limited company.

Earthport plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended 31 December 2018

Earthport plc reported unaudited consolidated earnings results for the six months ended 31 December 2018. For the period, the company reported revenue of GBP 16,109,000 as compared to GBP 15,409,000 for the same period last year. Operating loss was GBP 8,336,000 as compared to GBP 5,126,000 for the same period last year. Loss for the period and total comprehensive income attributable to owners of the parent was GBP 8,261,000 as compared to GBP 5,214,000 for the same period last year. Loss per share attributable to the owners of the parent - basic and diluted was 1.33 pence as compared to 1.01 pence for the same period last year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 25, 2019
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Merger/Acquisition
December 27, 2018
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