Planet Payment Inc. to be Added to the Russell 3000 Index
June 18 2013 - 4:00PM
Planet Payment, Inc. (Nasdaq:PLPM) (LSE:AIM:PPT), a leading
provider of international payment processing and multi-currency
processing services, announced today that it is set to join the
Russell 3000, when Russell Investments reconstitutes its
comprehensive set of U.S. and global equity indexes on June 28,
2013, according to a preliminary list of additions posted June 14,
2013 on www.russell.com/indexes.
Membership in the broad-based Russell 3000 Index will also mean
inclusion in the Russell 2000 and Russell Global Indexes. Annual
reconstitution of Russell's U.S. indexes captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market
capitalization.
Philip Beck, Chairman and CEO of Planet Payment commented: "We
are very pleased to become a member of the Russell Indexes. We
believe that being added to these Indexes reflects the progress we
have made, should increase our visibility in the investment
community and may also lead to the expansion of our investor
base."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. Approximately $4.1
trillion in assets are benchmarked to the Russell Indexes.
Notice Regarding Forward-Looking
Statements.
Information contained in this announcement may include
'forward-looking statements'. All statements other than statements
of historical facts included herein, including, without limitation,
those set forth in Mr. Beck's comments and including those relating
to future inclusion in any Russell Index and the impact of such
inclusion on the investment community and the investor base are
forward-looking statements. Such forward-looking statements are
based on a number of assumptions, which assumptions may or may not
be fulfilled in practice. See the Company's Quarterly Report on
Form 10-Q, filed at www.sec.gov for various risk factors
which investors should consider. These forward-looking
statements speak only as to the date of this announcement and
cannot be relied upon as a guide to future performance. Planet
Payment expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statements contained in this announcement to reflect any changes in
its expectations with regard thereto or any change in events,
conditions or circumstances on which any statement is based.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed multi-asset
portfolios and services that include advice, investments and
implementation. Russell stands with institutional investors,
financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across
capital market insights, manager research, portfolio construction,
portfolio implementation and indexes to help each achieve their
desired investment outcomes.
Russell has more than $173 billion in assets under management
(as of 3/31/2013) and works with over 2,500 institutional clients,
independent distribution partners and individual investors
globally. As a consultant to some of the largest pools of capital
in the world, Russell has $2.6 trillion in assets under advisement
(as of 12/31/2012). It has four decades of experience researching
and selecting investment managers and meets annually with more than
2,200 managers around the world. Russell traded more than $1.4
trillion in 2012 through its implementation services business.
About Planet Payment
Planet Payment is a leading provider of international payment
processing and multi-currency processing services. We provide our
services in more than 20 countries and territories across the Asia
Pacific region, North America, the Middle East, Africa and Europe,
primarily through our more than 50 acquiring bank and processor
customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and together with our
ATM services are integrated within the payment card transaction
flow enabling our acquiring customers, their merchants and
consumers to shop, pay, transact and reconcile payment transactions
in multiple currencies, geographies and channels.
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. Visit
www.planetpayment.com for more information about the Company and
its services. For up-to-date information follow Planet Payment on
Twitter at @PlanetPayment or join Planet Payment's Facebook
page.
CONTACT: Planet Payment, Inc.
Graham N. Arad, SVP General Counsel
Tel: + 1 516 670 3200
www.planetpayment.com
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Rebecca Sanders-Hewett / David Ison
Tel: +44 207 382 4730
planet@redleafpr.com
ICR (USA IR for Planet Payment)
Don Duffy / Dara Dierks
Tel: +1 646-277-1212
Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)
Simon Bridges / Andrew Chubb
Tel: +44 20 7523 8000
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