CAPE TOWN: Planet Payment, Inc. (PLPM), a provider of international payment and transaction processing and multi-currency processing services, today announced its results for the second quarter ended June 30, 2016.
As a result of the completion of the tender offer, on April 12, 2016, the Company paid $14.2 million, including transaction costs, to repurchase approximately 3.9 million shares at a tender price of $3.60 per share.
“Our strategic plan and hard work have resulted in sustained profitability as we continue to lay the ground work for long-term growth and future success,” said Carl Williams, Chairman and Chief Executive Officer of Planet Payment. “We have expanded into new markets, launched solutions with new and existing partners, and continue to work diligently to improve the payment experience for merchants and consumers around the globe.”