Information  X 
Enter a valid email address

Planet Payment Inc. (PPT)

  Print      Mail a friend

Monday 28 May, 2012

Planet Payment Inc.

Directors' Option Grants

RNS Number : 1860E
Planet Payment Inc.
28 May 2012
 



Date:                            28 May 2012

On behalf of:                 Planet Payment, Inc. ("the Company" or "Planet Payment")

Embargoed until:            0700 hrs

 

Planet Payment, Inc.

Directors' Option Grants

Planet Payment, Inc. (UK: LSE: AIM: PPT and PPTR; USA: OTCQX: PLPM), a leading provider of international payment processing and multi-currency processing services, announces that on 24 May 2012 the Company granted the following options exercisable into Common Shares in the Company of $0.01 par value ("Options"), to the following Directors of the Company.  This is the annual grant made to directors in accordance with the Company's Compensation Policy for Non-Employee Directors, pursuant to the Company's 2006 Equity Incentive Plan.

Director

No. of Shares

Lady Judge

40,000

Jon Kaiden

40,000

Shane Kim

40,000

Cameron McColl

40,000

 

The Exercise Price of the Options is $3.27 per share (approximately £2.08), which is equivalent to the closing price of PPTR stock on AIM on 24 May 2012.  The Options vest over one year from 11 May 2012 and have a life of 10 years from 24 May 2012, in both cases subject to continuation in office.  This announcement is made in accordance with Rule 17 of the AIM Rules for Companies.

-ends-

 

Enquiries to:

 

Planet Payment, Inc.

Graham N. Arad, SVP and General Counsel

Tel: +1 516 670 3200

www.planetpayment.com



Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)

Simon Bridges/ Andrew Chubb                      

 

Tel +44 20 7523-8000

Canaccord Genuity, Inc. (US) (DAD for Planet Payment)

Andy Viles

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, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSEIFDWFESEFI