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Planet Payment discloses final results of modified Dutch auction tender offer

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Planet Payment discloses final results of modified Dutch auction tender offer

Planet PaymentInc. on April 12 announced the final results of its modified Dutchauction tender offer,which expired at 11:59 p.m. ET on April 11.

Planet Payment will purchase 3,865,657 common shares at apurchase price of $3.60 per share, for an aggregate purchase price of about$13.9 million, excluding related fees and expenses. The 3,865,657 sharesaccepted for purchase in the tender offer represent approximately 7.46% of thecompany's issued and outstanding common shares as of Feb. 29.

Payment for shares accepted for purchase will be made byComputershare Trust Co. NA, the depository for the tender offer.

Craig-Hallum Capital Group LLC serves as the dealer manager,and Georgeson acts as the information agent for the tender offer.