Planet Payment Block Admission Application
LONG BEACH, N.Y., Jan. 23, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc.
(Nasdaq:PLPM) (LSE:PPT) (LSE:PPTR), hereby provides notification that
application has been made to the London Stock Exchange for admission to
trading on AIM in respect of a block admission of 10,700,000 Common Shares of
$0.01 each in the PPT (unrestricted) line ("New Common Shares"), representing
approximately 19.9% of the current issued share capital of the Company.
The New Common Shares will be issued from time to time pursuant to the
exercise of employee share options under the 2006 Equity Incentive Plan, the
2012 Equity Incentive Plan and the 2012 Employee Stock Purchase Plan. On
exercise the New Common Shares will be issued credited as fully paid and will
rank pari passu with the existing Common Shares in issue.
It is expected that such admission will become effective on 29 January 2013 at
which time all of the Company's existing block schemes will cease to be
effective. Set out at the end of this announcement is the final block
admission return for the existing block listing.
Block Admission Return
Date: 22 January 2013
Name of applicant: Planet Payment, Inc.
Name of scheme: 2006 Equity Incentive Plan
Period of return: From: 1 March 12 To: 22 January 2013
Balance of unallotted securities
under scheme(s) from previous 10,090,859
Plus:The amount by which the
block scheme(s) has been
increased since the date of the 0
last return (if any increase has
been applied for):
Less:Number of securities
issued/allotted under scheme(s) 519,058
during period (see LR3.5.7G):
Equals:Balance under scheme(s)
not yet issued/allotted at end 9,571,801
Class of Securities issued under Common Stock of $0.01 par value each
53,701,357 issued and outstanding
Total Number of Securities of shares of Common Stock of which
Applicant issued as at the end 2,091,127 Common Shares are admitted
of the period of this return. under the ticker PPTR, the Reg. S line,
and 51,610,230 Common Shares are
admitted on AIM under the ticker PPT
CONTACT: Planet Payment, Inc.
Graham Arad, SVP General Counsel
Tel: + 1 516 670 3200
Canaccord Genuity Ltd. (UK) (Nomad for Planet Payment)
Tel +44 20 7050 6500
Simon Bridges and Andrew Chubb
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