Planet Payment Announces Director Option Exercise
LONG BEACH, N.Y., Dec. 24, 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 purchase of shares by Mr. Philip Beck, Chairman and CEO, pursuant to
the exercise of a stock option.
On Friday 21 December 2012 Mr. Beck exercised a stock option in respect of
270,000 shares of Common Stock of the Company. Mr. Beck paid the exercise
price of $2.50 per share in cash. The stock option in question, which was
exercised in part, will expire in accordance with its terms (to the extent not
previously exercised) on 31 December 2012.
Following the issue of the shares pursuant to the option exercise Mr. Beck
will be interested in a total of 2,705,128 shares of Common Stock representing
approximately 4.5% of the issued and outstanding shares of Common Stock
(including the outstanding shares of Series A Preferred Stock on an as
converted to Common Stock basis).
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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