PPT Planet Pay

TIDMPPT TIDMTTM

RNS Number : 9254B

Planet Payment Inc.

10 March 2014

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

Planet Payment, Inc.

Director and PDMR Share Dealings

Planet Payment, Inc. (NASDAQ: PLPM; LSE:AIM: PPT ), a leading provider of international payment and transaction processing and multi-currency processing services, received notification on 7 March 2014 of the following share dealings by a Director and PDMR.

Pursuant to Restricted Stock Agreements entered into by the Company with the persons named below in 2013, the shares listed below were cancelled as the relevant performance targets were not met:

 
   Director     No. of    Date of Transaction   Transaction     Average      Total No Shares     Percentage 
                 Shares                                         Price per    post-Transactions    of Voting 
                                                                  Share                           Interests 
 Graham Arad     34,916      7 March 2014       Cancellation      N/A                  928,573      1.5% 
               --------  --------------------  -------------  -----------  -------------------  ----------- 
 Robert Cox      44,025      7 March 2014       Cancellation      N/A                  104,308      0.2% 
               --------  --------------------  -------------  -----------  -------------------  ----------- 
 

Investors may note that this press release is required in accordance with London Stock Exchange plc AIM rules governing share transactions by directors and is in addition to the usual SEC filings that have been made by Mr. Arad and Mr. Cox in the ordinary course. London Stock Exchange plc AIM rules require a press release to be issued whenever there is a share transaction by a director.

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 22 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 (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

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