REG - PCI-PAL PLC - AGM Statement

PCI- PALAnnouncement

11/12/2024 07:00

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RNS Number : 5532P  PCI-PAL PLC  11 December 2024

11 December 2024

 

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, provides the following update ahead of the
Company's Annual General Meeting to be held at 11.00 a.m. today.

 

The Board is pleased to report continued positive trading momentum to date in
FY25. Demand for the Company's services remains strong with an increasing
sales pipeline and more global, integrated partners than ever before. New
business to the end of November 2024 is ahead of the same period in the prior
year and in line with the Board's projections for new business sales for the
current financial year.

 

Sales highlights in FY25 to date include a further example of a competitor
displacement at a FTSE250 utility provider where PCI Pal was selected to
provide its best-in-class cloud services to secure this customer's payment
environments across its sizeable contact centre operation. We were also
pleased to announce on 4 November 2024, the successful re-tender of one of the
Company's largest customers, the UK Department for Work and Pensions.

 

With a strong balance sheet, growing sales pipeline, and high customer
retention, the Group is well positioned to capitalise on the market
opportunity ahead.

 

 

 

For further information, please contact:

 

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

 Ryan Murray - Chief Financial Officer

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  +44 (0) 20 7227 0500
 Marc Milmo/Fergus Sullivan/Finn Gordon (Corporate Finance)

 Sunila De Silva/Ondraya Swanson (Corporate Broking)

 Walbrook PR                                                       +44 (0) 20 7933 8780
 Nick Rome/Joe Walker                                              +44 (0) 7748 325 236
                                                                   nick.rome@walbrookpr.com (mailto:nick.rome@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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