Notification Of Major Interests In Shares - News & Media Center - Planet Payment

Notification Of Major Interests In Shares

11/04/09

Planet Payment [LSE:AIM: PPT and PPTR; OTCQX: PLPM], a leading international multi-currency payment and data processor, announces that it has been notified of the following relevant changes in significant shareholder holdings.

The Company received on 30 October 2009 the following notification of changes in Major Interests in its Shares effective 4 November 2009.

The Company was notified by Kinderhook Partners, L.P. (“Kinderhook”) that it had acquired 2,270,000 Common Shares (trading under PPTR, USU72603100).  Kinderhook now has an interest in a total of 3,502,165 Common Shares, which represent 7.9% of the voting rights of the Company (following admission of the new shares on 4 November 2009), an increase from its previous holding of less than 3%, which was acquired in the market.


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Enquiries to:

Planet Payment, Inc.
Graham N. Arad, SVP & General Counsel Tel: + 1 516 670 3200
www.planetpayment.com


Redleaf Communications Ltd (UK PR for Planet Payment)
Emma Kane / Rebecca Sanders-Hewett /
Henry Columbine planet@redleafpr.com
Tel: +44 20 7566 6700
Canaccord Adams Limited (UK) (Nomad for Planet Payment)
Mark Williams and Andrew Chubb
Tel +44 20 7050 6500
Canaccord Adams, Inc. (US) (DAD for Planet Payment)
Andy Viles Tel: +1 617 371 3900

About Planet Payment®

Planet Payment’s Common shares trade in the UK on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares and in the United States on the OTCQX under the symbol PLPM.

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’s BuyVoice™, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the iPAY™ gateway, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore.