This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Planet Payment Filings And Warrant Exercise

LONG BEACH, N.Y., Dec. 19, 2012 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT) (LSE:PPTR), a leading provider of international payment processing and multi-currency processing services, announces the following matters in connection with its listing on the NASDAQ market.

The Company's Amended and Restated Certificate of Incorporation, previously approved by the stockholders on October 26, 2012, has now been filed with the Delaware Secretary of State and is therefore effective. As a result the number of shares which the Company is authorized to issue has been increased to 250,000,000 shares of Common Stock and 10,000,000 shares of Preferred Stock. The Amended and Restated Bylaws of the Company are now also in effect. Copies of both documents are available at the Company's enhanced Investor Relations site at http://ir.planetpayment.com .

The Company's 2012 Equity Incentive Plan and 2012 Equity Stock Purchase Plan became effective and the Company intends shortly to make the necessary filings with the SEC, thereby effecting registration of all shares issuable under such Plans in accordance with the Securities Act of 1933.

Inter-Atlantic Fund L.P. exercised its warrant dated 17 November 2005 (as amended) in accordance with its terms and as a result, 917,602 new shares of Common Stock are being issued to Inter-Atlantic. The warrant was exercised using the "net-issuance" or cashless exercise method under which 464,115 shares subject to the Warrant were cancelled as payment for the shares being issued. 

The Company has applied for 917,602 new Common Shares in the PPT unrestricted line to be admitted to trading on AIM.  These new Common Shares, which will rank pari passu in all respects with the existing Common Shares of the Company, are expected to be admitted to trading on AIM on 24 December 2012. Following the admission of the above shares, the Company will have a total of 53,309,038 issued and outstanding Common Shares of which 2,091,127 Common Shares will be admitted on AIM under the ticker PPTR, the Reg. S line, and 51,217,911 Common Shares will be admitted on AIM under the ticker PPT. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs