Planet Payment announces transfer of REG S shares to PPT line, cancels PPTR line

theflyonthewall.com

The company announces that, following the termination of restrictions on the Reg S common shares under U.S. securities law, the company will file an application with London Stock Exchange plc AIM Market for all remaining 2.09M Reg S Common Shares to be transferred from the Reg S line, trading under PPTR, to the unrestricted line, trading under PPT. It is expected that this transfer will take effect on June 17. These shares are therefore freely tradable on both the AIM market under the ticker PPT, as well as on the NASDAQ stock market under the ticker PLPM. Since the company's Common Shares are now registered under the United States Securities Exchange Act of 1934 and admitted to trading on the NASDAQ market, there is no longer any requirement to maintain a separate PPTR line of stock on the AIM market. As a consequence, it is expected that this line will be cancelled with effect from June 17. Planet Payment's Common Shares will continue to trade on AIM and to be available to be held in uncertificated form in the UK in the form of depositary interests within CREST. The PPTR register will be closed effective June 17. Following the transfer and admission of all of the above shares to the PPT line, the Company continues to have a total of 54.36M issued and outstanding Common Shares all of which Shares may be traded on AIM under the ticker PPT, the unrestricted line, as well as on the NASDAQ market under the ticker PLPM. All Common Shares carry identical rights and privileges.

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