REG - PCI-PAL PLC - AGM Statement

PCI- PALAnnouncement

12/12/2023 07:00

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RNS Number : 3923W  PCI-PAL PLC  12 December 2023

12 December 2023

 

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 momentum continues in a year where the Company is focused on
delivery of another year of strong organic revenue growth whilst also
achieving its first full year of adjusted profit.  New business sales are
ahead of the prior year, with several highlight enterprise customer wins now
in deployment phase.

 

The Company continues to maximise the opportunity presented through its market
leading partner eco-system and was therefore pleased to announce its new
strategic partnership with Zoom on 13 November 2023.  The new partnership
will be at launch stage in early 2024 and is already contributing to the
Group's sales pipeline.

 

The continued expansion of the Group's partner eco-system and customer base is
a reflection of the appeal of PCI Pal's products and services.  The year to
date has seen continued progress on new product development with a number of
new features and products nearing full general availability.  This activity
has included the Group's first customer sold and live using a new agent
desktop user interface which also leverages new payment capabilities provided
through the Company's technology partnership with Stripe.

 

The Board is looking forward to the Form of Order hearing concerning its
recent resounding victory in its patent lawsuit with a competitor, Sycurio
Limited.  The hearing will be held on 18 December 2023.  PCI Pal has lodged
a number of witness statements with the court detailing the reasons why it
should be awarded the maximum cost recovery given the strength of its victory
in the UK. PCI Pal looks forward to presenting these in court.  The Company
will issue a further update following the hearing.

 

For further information, please contact:

 

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

 William Good - Chief Financial Officer

 Cavendish Capital Market Limited (Nominated Adviser and Broker)  +44 (0) 20 7227 0500
 Marc Milmo/Simon Hicks/Fergus Sullivan (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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