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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Planet Pay | LSE:PPT | London | Ordinary Share | COM SHS USD0.01 (UNRESTRICTED) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 145.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPPT TIDMTTM
RNS Number : 2209C
Planet Payment Inc.
13 March 2014
Date: 13 March 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 12 March 2014 of the following share dealings by a Director.
On 12 March 2014 Mr. Arad advised the Company that he had executed the following sales of Common Shares through the NASDAQ market and made a gift of shares for no consideration:
Director No. of Date of Transaction Transaction Average Price Total No Percentage Shares per Share Shares post-Transactions of Voting Interests Graham Arad 2,000 12 March 2014 Gift $0 -------- -------------------- ------------ -------------- -------------------------- ----------- Graham Arad 25,000 12 March 2014 Sale $3.25 901,573 1.5% -------- -------------------- ------------ -------------- -------------------------- -----------
The sale of the Common Shares was executed pursuant to a Pre-set Diversification Program Agreement ("PDP") entered into by Mr. Arad on December 13, 2013. 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. Arad 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. Arad'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. Arad 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. Arad 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
END
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