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 return:||10,090,859|
|Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):||0|
|Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):||519,058|
|Equals: Balance under scheme(s) not yet issued/allotted at end of period:||9,571,801|
|Class of Securities issued under scheme||Common Stock of $0.01 par value each|
|Total Number of Securities of Applicant issued as at the end of the period of this return.||53,701,357 issued and outstanding shares of Common Stock of which 2,091,127 Common Shares are admitted 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 www.planetpayment.com Canaccord Genuity Ltd. (UK) (Nomad for Planet Payment) Tel +44 20 7050 6500 Simon Bridges and Andrew ChubbSource:Planet Payment