REG-Resolution of claim by Global 365 Limited – Competition Appeal Tribunal Judgment

PayPointAnnouncement

07/05/2026 14:45

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Resolution of claim by Global 365 Limited – Competition Appeal Tribunal
Judgment

PayPoint plc notes that the Competition Appeal Tribunal (‘CAT’) has today
handed down its judgment concerning the claim brought by Global-365 plc and
Global Prepaid Solutions Limited (‘G365’) against PayPoint Plc and a
number of its subsidiary companies, PayPoint Collections Limited, PayPoint
Network Limited and PayPoint Retail Solutions Limited (“PayPoint”).

The CAT has:
* Found PayPoint liable for an historical infringement of competition law,
which ceased in 2018, concerning certain contracts under which it provided
energy OTC prepayment services;


* Awarded damages of £169,334 plus interest to G365 in respect of its “loss
of a chance” to win contracts with a limited number of small energy
suppliers.
Importantly, the CAT’s findings confirm that PayPoint’s past contracts
with energy suppliers were not a significant factor in G365’s lack of
success. G365’s initial claim was for £172.2 million – meaning that
PayPoint defeated more than 99.85 per cent of G365’s claim value.

PayPoint remains committed to ensuring its commercial practices meet all
regulatory requirements.

ENDS

Attachment
*     Press release 7 May 2026_
(https://ml-eu.globenewswire.com/Resource/Download/59056133-eb9a-45e9-ac88-cacd545c9b1e)