REG - PCI-PAL PLC - AGM Statement

PCI- PALAnnouncement

27/10/2022 07:01

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RNS Number : 2316E  PCI-PAL PLC  27 October 2022

 

PCI-PAL PLC

("PCI Pal", the "Company" or "the Group")

 

AGM Statement

 

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions
for business communications, is pleased to provide the following update ahead
of the Company's Annual General Meeting to be held at 11.00 a.m. today.

 

PCI Pal's growth, highlighted by the Final Results on 6 September 2022, has
continued into FY23 in line with management expectations. Revenue for Q1 is
29% up on the equivalent prior-year period, with a strong pipeline of
opportunities in front of it. As a result, the Board is pleased with the
Group's performance and trading is in line with expectations for the year
ending 30 June 2023.

 

In addition to this continued strong financial performance, the Group's
product roadmap progress year to date has included the launch of its open
banking payment offering, the first of its type in the business communications
space. And with further payment products to be launched across the year,
adding to PCI Pal's existing, market-leading, cloud-based solutions, the Board
continues to be confident in the prospects for the Group.

 

For further information, please contact:

 

 PCI-PAL PLC                                 Via Walbrook PR
 James Barham - Chief Executive Officer

 William Good - Chief Financial Officer

 finnCap (Nominated Adviser and Broker)      +44 (0) 20 7227 0500
 Marc Milmo/Simon Hicks (Corporate Finance)

 Sunila De Silva (Corporate Broking)

 Walbrook PR                                 +44 (0) 20 7933 8780
 Tom Cooper/Paul Vann                        +44 (0) 797 122 1972
                                             tom.cooper@walbrookpr.com (mailto:tom.cooper@walbrookpr.com)

 

About PCI Pal:

 

PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that
empower companies to take payments from their customers securely, adhere to
strict industry governance, and remove their business from the significant
risks posed by non-compliance and data loss. Our products secure payments and
data in any business communications environment including voice, chat, social,
email, and contact centre. We are integrated to, and resold by, some of the
worlds' leading business communications vendors, as well as major payment
service providers.

 

The entirety of our product-base is available from our global cloud platform
hosted in Amazon Web Services ("AWS"), with regional instances across EMEA,
North America, and ANZ.

 

For more information visit www.pcipal.com (http://www.pcipal.com) or follow
the team on Linkedin: https://www.linkedin.com/company/pci-pal/
(https://www.linkedin.com/company/pci-pal/)

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