Planet Payment Inc. Director's Share Dealings (7760A)
March 25 2013 - 7:30AM
UK Regulatory
TIDMPPT TIDMPPTR
RNS Number : 7760A
Planet Payment Inc.
25 March 2013
Date: 25 March 2013
On behalf of: Planet Payment, Inc. ("the Company" or "Planet Payment")
For immediate release
Planet Payment, Inc.
Director's Share Dealings
Planet Payment, Inc. (UK: LSE:AIM: PPT and PPTR; USA: NASDAQ:
PLPM), a leading provider of international payment processing and
multi-currency processing services, received notification on 22
March 2013 of the following share dealings by a Director.
As previously notified, prior to the end of December 2012, Mr.
Beck exercised expiring options and acquired a total of 311,342
common shares in the Company in part for a cash purchase price
totalling $675,000. On 22 March 2013 the Company was notified of
the following share sales:
Director No. of Date of Transaction Average Total No Shares Percentage
Shares Transaction Price per post-Transaction of Voting
Share Interests
------------- -------- ------------- ------------ ----------- ------------------ -----------
22March
Philip Beck 10,700 2013 Market Sale $2.92 2,704,775 4.5%
------------- -------- ------------- ------------ ----------- ------------------ -----------
All of the Common Shares were sold pursuant to a Pre-set
Diversification Program Agreement ("PDP") entered into by Mr. Beck
on December 14, 2012. The PDP was entered into in accordance with
the requirements of Rule 10b5-1(c)(1) under the United States
Securities Exchange Act of 1934. The PDP, was entered into during
an open period, at a time when Mr. Beck was not in possession of
material non-public or material price sensitive information
regarding the Company. Under the PDP, shares are to be sold by Mr.
Beck's broker through the market in accordance with the pre-set
instructions set forth in the PDP and without any further input,
information or instructions from Mr. Beck prior to any sale.
Please note that the announcement of Mr. Beck's share sales
issued on 21 March 2013 contained a typographical error in that the
Total No. of Shares post-transaction was incorrectly stated and
should have read 2,715,475 resulting on Percentage Voting Interest
of 4.5%. All other information in the announcement was correct.
Investors may note that this press release is required in
accordance with London Stock Exchange plc AIM rules governing share
transactions by directors and is in addition to the usual SEC
filings that will be made by Mr. Beck in the ordinary course.
London Stock Exchange plc AIM rules require a press release to be
issued whenever there is a share transaction by a director.
Enquiries:
Planet Payment, Inc. Tel: + 1 516 670 3200
Graham N. Arad www.planetpayment.com
Redleaf Polhill (UK PR for Planet Payment) Tel: +44 20 7566 6720
Emma Kane / Henry Columbine / David Ison planet@redleafpolhill.com
ICR (US IR for Planet Payment) Tel: +1 646 277 1212
Contacts: Don Duffy / Dara Dierks
Canaccord Genuity Ltd (UK) (Nomad for Planet Tel: +44 20 7050 6500
Payment)
Simon Bridges / Andrew Chubb
About Planet Payment
Planet Payment is a leading provider of international payment
processing and multi-currency processing services. We provide our
services in more than 20 countries and territories across the Asia
Pacific region, North America, the Middle East, Africa and Europe,
primarily through our more than 50 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
www.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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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