Planet Payment Filings and Warrant Exercise
LONG BEACH, N.Y., Dec. 19, 2012 (GLOBE NEWSWIRE) -- Planet Payment, Inc.
(Nasdaq:PLPM) (LSE:PPT) (LSE:PPTR), a leading provider of international
payment processing and multi-currency processing services, announces the
following matters in connection with its listing on the NASDAQ market.
The Company's Amended and Restated Certificate of Incorporation, previously
approved by the stockholders on October 26, 2012, has now been filed with the
Delaware Secretary of State and is therefore effective. As a result the number
of shares which the Company is authorized to issue has been increased to
250,000,000 shares of Common Stock and 10,000,000 shares of Preferred
Stock.The Amended and Restated Bylaws of the Company are now also in
effect.Copies of both documents are available at the Company's enhanced
Investor Relations site at http://ir.planetpayment.com.
The Company's 2012 Equity Incentive Plan and 2012 Equity Stock Purchase Plan
became effective and the Company intends shortly to make the necessary filings
with the SEC, thereby effecting registration of all shares issuable under such
Plans in accordance with the Securities Act of 1933.
Inter-Atlantic Fund L.P. exercised its warrant dated 17 November 2005 (as
amended) in accordance with its terms and as a result, 917,602 new shares of
Common Stock are being issued to Inter-Atlantic.The warrant was exercised
using the "net-issuance" or cashless exercise method under which 464,115
shares subject to the Warrant were cancelled as payment for the shares being
The Company has applied for 917,602 new Common Shares in the PPT unrestricted
line to be admitted to trading on AIM. These new Common Shares, which will
rank pari passu in all respects with the existing Common Shares of the
Company, are expected to be admitted to trading on AIM on 24 December
2012.Following the admission of the above shares, the Company will have a
total of 53,309,038 issued and outstanding Common Shares of which 2,091,127
Common Shares will be admitted on AIM under the ticker PPTR, the Reg. S line,
and 51,217,911 Common Shares will be admitted on AIM under the ticker PPT.
About Planet Payment
Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in 18 countries
and territories across the Asia Pacific region, North America, the Middle
East, Africa and Europe, primarily through our more than 45 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.
CONTACT: Planet Payment, Inc.
Graham Arad, SVP General Counsel
Tel: + 1 516 670 3200
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Henry Columbine / Rebecca Sanders-Hewett
Tel: +44 20 7566 6720
ICR (US PR for Planet Payment)
Don Duffy / Dara Dierks
Tel: +1 646-277-1212
Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)
Simon Bridges / Andrew Chubb
Tel: +44 20 7523 8000
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