LONG BEACH, N.Y., Oct. 8, 2012 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (LSE:PPT) (LSE:PPTR) (OTCQX:PLPM), a leading provider of international payment processing and multi-currency processing services, announces that it is calling a Special Meeting of shareholders, in connection with a proposed plan to have its shares of Common Stock admitted for trading on NASDAQ.
The purpose of the meeting is to consider and approve the resolutions and documents similar to those previously adopted by the shareholders in January 2012. The Company intends to file a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission. When the Form 10 becomes effective, the Company will become a reporting company in accordance with SEC rules and this will enable the Company to be listed on NASDAQ. The key changes in the resolutions and documents are those required to make the resolutions and the documents effective around the effective date of the Form 10 and to reflect the assumption that the Company will not be undertaking a public offering in conjunction with the NASDAQ admission.
A Notice of Availability of proxy materials is being sent to shareholders today by mail and e-mail, as well as a full set of proxy materials to all shareholders who have elected to receive this. This includes instructions on how to access the Notice of Special Meeting and Exhibits. The Company has posted the documents relating to the meeting on its website at www.planetpayment.com .The meeting will be held on 26 October 2012 in the Company's head offices at 670 Long Beach Boulevard, Long Beach, New York 11561, USA. Shareholders planning to attend are requested to notify the Company in advance for administrative purposes. 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 are integrated within the payment card transaction flow enabling our acquiring customers to process and reconcile payment transactions in multiple currencies, geographies and channels.