Printable versionWarrants Exercise 07-8-08
07/08/08Planet Payment, Inc.
Share Issue
Planet Payment [LSE:AIM: PPTR and PPT], a leading international multi-currency payment and data processor, announces the following changes in its issued share capital.
The Company has applied to AIM for 56,884 new Common Shares to be admitted to trading under PPT, the unrestricted line. The Shares are being issued as a result of the exercise of warrants, which were granted in 2003. Further information on the transactions and instruments giving rise to the above share issues is contained in the Company’s admission document and published audited financial statements.
The warrants were exercised under the cashless exercise method, as a result of which a total of 53,116 Common Share warrants were cancelled, in consideration of the issue of the remaining Common Shares under those warrants.
Following the admission of all of the above shares the Company will have a total of 26,724,887 issued and outstanding Common Shares of which 16,455,390 Shares will be trading on AIM under the ticker PPT, the unrestricted line and 10,269,497 Shares will be trading on AIM under the ticker PPTR, the Reg S line.
Dealings in the above shares are expected to commence on 14th July 2008.
Enquiries:
Planet Payment, Inc. www.planetpayment.com
Graham N. Arad, Senior Vice President &
General Counsel Tel: +1 516 670 3200
Redleaf Communications Ltd (UK PR for Planet Payment) planet@redleafpr.com
Emma Kane / Samantha Robbins / Henry Columbine Tel: +44 20 7822 0200
ICR, Inc. (US PR for Planet Payment)
Brian Prenoveau, CFA / Ashley Ammon MacFarlane Tel: +1 203 682 8200
Canaccord Adams Limited (NOMAD for Planet Payment)
Mark Williams Tel +44 20 7050 6500
About Planet Payment®
• Planet Payment’s Common Shares trade on AIM under the symbols PPT for unrestricted Common Shares and PPTR for Reg S Common Shares. All Common Shares have identical rights.
• Planet Payment enables processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The Pay in Your Currency service is a component of Planet Payment’s suite of multi-currency processing solutions, which include a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment also recently launched BuyVoice™, a mobile payment and commerce solution, which allows merchants to accept payments and sell product to customers using any mobile or landline phone.
• Planet Payment is headquartered in Long Beach, New York and has offices in Atlanta, Beijing, Bermuda, New Castle, Delaware, London, Hong Kong, Shanghai and Singapore.
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