PPT Planet Pay

TIDMPPT TIDMTTM

RNS Number : 1521H

Planet Payment Inc.

14 May 2014

   Date:                            14 May 2014 
   On behalf of:                 Planet Payment, Inc. ("the Company" or "Planet Payment") 

For immediate release

Planet Payment, Inc.

Director's Share Dealings

Planet Payment, Inc. (NASDAQ:PLPM; LSE: PPT ), a leading provider of international payment and transaction processing and multi-currency processing services, received notification on 13 May 2014 of the following share dealings by a Director.

On 13 May 2014 Mr. Beck advised the Company that he had executed the following sales of Common Shares through the NASDAQ market:

 
   Director     No. of    Date of Transaction   Transaction   Average Price           Total No           Percentage 
                 Shares                                         per Share      Shares post-Transaction    of Voting 
                                                                                                          Interests 
 Philip Beck     40,000       13 May 2014          Sale           $2.19                      2,015,822      3.3% 
               --------  --------------------  ------------  --------------  -------------------------  ----------- 
 

The sale of the Common Shares was executed pursuant to a Pre-set Diversification Program Agreement ("PDP") entered into by Mr. Beck on 12 March 2014. The PDP was entered into in accordance with the requirements of Rule 10b5-1(c)(1) under the United States Securities Exchange Act of 1934. The PDP, was entered into during an open period, at a time when Mr. Beck was not in possession of material non-public or material price sensitive information regarding the Company. Under the PDP, shares are to be sold by Mr. Beck's broker through the market in accordance with the pre-set instructions set forth in the PDP and without any further input, information or instructions from Mr. Beck prior to any sale.

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 are being made by Mr. Beck 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 23 countries and territories across the Asia Pacific region, the Americas, 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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