Planet Payment Inc. Issue of Shares (4834R)

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RNS Number : 4834R

Planet Payment Inc.

28 October 2013

   Date:                            28 October 2013 
   On behalf of:                 Planet Payment, Inc. ("the Company" or "Planet Payment") 
   Embargoed until:           0700 hrs 

Planet Payment, Inc.

Issue of Shares

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

The Company has applied to AIM for 190,294 new Common Shares to be admitted to trading pursuant to the exercise of warrants. The shares are to be issued to the holder of warrants issued in 2010 and 2011, in lieu of payment of professional fees, upon net exercise of such warrants at an exercise price of $0.25 per share (approximately GBP0.15 per share).

Following the admission of the above shares the Company will have a total of 54,800,973 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 1 November 2013.

About Planet Payment

Planet Payment is a leading provider of international payment 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 
 Redleaf Polhill (UK PR for Planet Payment)     Tel: [phone] 
  Emma Kane / Rebecca Sanders-Hewett / Dwight    [e-mail] 
  Burden / David Ison 
 
 ICR (USA IR for Planet Payment)                Tel: [phone] 
  Don Duffy / Dara Dierks 
 
 

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

Simon Bridges / Andrew Chubb Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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