Planet Payment Inc. Capital Changes
Feb 14, 2012
OTC Disclosure News Service
Long Beach, NY – Planet Payment [UK: LSE: AIM: PPT and PPTR; USA: OTCQX: PLPM], a leading provider of international and multi-currency payment processing services, announces the following changes in its issued share capital.
The Company announces that, following the termination of restrictions on the stock under U.S. securities law, the Company has applied to AIM for 5,838,038 shares to be transferred from the Reg S line, trading under PPTR, to the Unrestricted line trading under PPT. No new shares are being issued as a result of this process.
Following the admission of all of the above shares the Company will have a total of 51,770,104 issued and outstanding Common Shares of which 49,764,151 Shares will be trading on AIM under the ticker PPT, the unrestricted line and 2,005,953 Shares will be trading on AIM under the ticker PPTR, the Reg S line. All unrestricted shares are tradable on the OTCQX in the United States under the ticker PLPM.
Planet Payment, Inc.
Graham N. Arad, SVP and General Counsel
Tel: +1 516 670 3200
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Henry Columbine / Luis Mackness Tel: +44 20 7566 6720
Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)
Simon Bridges / Andrew Chubb Tel: +44 20 7050 6500
Canaccord Genuity, Inc. (US) (DAD for Planet Payment)
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 is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, London, Hong Kong, Mexico City, Shanghai and Singapore.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.