PPT Planet Pay

TIDMPPT TIDMTTM

RNS Number : 9007B

Planet Payment Inc.

10 March 2014

   Date:                            10 March 2014 
   On behalf of:                 Planet Payment, Inc. ("the Company" or "Planet Payment") 

For Immediate Release

Planet Payment, Inc.

Issue of Shares

Planet Payment, Inc. (NASDAQ:PLPM) (LSE: AIM: PPT), a leading provider of international payment and transaction processing and multi-currency processing services, announces the following change in issued share capital.

The Company has applied to AIM for 54,276 new Common Shares to be admitted to trading pursuant to the exercise of warrants. The shares are to be issued to the holders of warrants issued in 2009, in connection with an investment in Common Shares, upon net exercise of such warrants at an exercise price of $0.45 per share (approximately GBP0.27 per share).

Following the admission of the above shares the Company will have a total of 54,398,007 issued and outstanding Common Shares admitted to trading on AIM under the ticker PPT. All unrestricted Common Shares are tradable on the NASDAQ market in the United States under the ticker PLPM.

Dealings in the new shares are expected to commence on 17 March 2014.

About Planet Payment

Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit ww.planetpayment.com for more information about the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

Enquiries:

 
 Planet Payment, Inc.                   Tel: + 1 516 670 3200 
  Graham N. Arad, SVP General Counsel    www.planetpayment.com 
 
 

Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)

Simon Bridges / Cameron Duncan Tel: +44 20 7523 8000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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