REG - PCI-PAL PLC - Board Changes - Appointment of CFO

PCI- PALAnnouncement

01/07/2024 07:00

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RNS Number : 4568U  PCI-PAL PLC  01 July 2024

 
 

01 July 2024

 

PCI-PAL PLC

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

 

Board Changes

Appointment of CFO

 

PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions, is
pleased to announce the appointment of its new Chief Financial Officer
("CFO").

 

Ryan Murray will join PCI Pal as Chief Financial Officer with effect from 14
October 2024.  Mr Murray has over 23 years' accountancy and financial
experience in both industry and public practice, including substantial time
working in the technology sector. He is joining PCI Pal from AIM listed FD
Technologies plc where he has been employed in a number of senior finance
positions over the last 14 years.  His roles have included Head of Corporate
Finance, Chief Financial Officer of KX (FD Technologies software division),
and Group Financial Controller. He has extensive financial, commercial,
M&A, and Tax experience during periods of fast growth.

 

Interim period

As announced on 27 February 2024, William Good has remained with the Company
as a Director to ensure a smooth transition before his retirement from the
Board.  The Company now expects that retirement to be effective from 15 July
2024.

 

In the intervening period, until Mr Murray joins, the Company's Group
Financial Controller, Angus Reger, will move into the position of Interim
Chief Financial Officer and will be supported by the combined financial
experience of the existing Board members.

 

Simon Wilson, Chairman, commented:

"Having carried out an extensive market search for the Company's new CFO, I am
very pleased that we are today able to announce Ryan's appointment, and that
he will be joining us in October. His experience within fast growth companies,
in technology, and with an international footprint that includes the U.S. fits
our stage of development perfectly.

"I'd like to take this opportunity to thank our departing CFO, William Good,
for his commitment and dedication during his time with PCI Pal. William has
played a key role in growing PCI Pal to its current position today as the
strongest cloud vendor in the market. On behalf of the Board, I would like to
wish William all the very best in his future endeavours.

"We are equally very pleased to welcome Angus Reger to the role of Interim CFO
until such time as Ryan joins us in October.  Angus has been with PCI Pal for
over two years and has been integral to the smooth running of the finance
department and audit process."

( )

Regulatory disclosures

 

The following information regarding Ryan Murray, aged 46, is disclosed under
Schedule 2(g) of the AIM Rules for Companies:

 

 Current Directorships              Directorships held in past 5 years
 First Derivatives I Limited        Market Resource Partners Limited
 First Derivatives Ireland Limited
 ActivateClients Limited

 

The Company intends to issue Ryan Murrray 350,000 options over ordinary shares
in the Company upon commencement of his employment.

On 15 March 2014, Ryan Murray was appointed as a director of Project For
Advocacy, Counselling & Education ("PACE") and subsequently resigned as a
director on 18 May 2015. PACE entered creditors voluntary liquidation on 3
March 2016. Under the liquidation, a dividend of 100 pence in the pound was
paid to preferential creditors and a dividend of 4.49 pence in the pound was
paid to unsecured creditors. PACE was subsequently dissolved on 11 August
2018.

There are no other matters which are required to be announced under Schedule
2(g) of the AIM Rules for Companies.

 

 

For further information, please contact:

 

 PCI-PAL PLC                                                       Via Walbrook PR
 Simon Wilson - Chairman

 James Barham - Chief Executive Officer

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

 Sunila de Silva/Ondraya Swanson (Corporate Broking)

 Walbrook PR                                                       +44 (0) 20 7933 8780
 Tom Cooper/Joseph Walker                                          +44 (0) 797 122 1972
                                                                   PCIPAL@walbrookpr.com (mailto:PCIPAL@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.  PCI Pal products can be used by any size
organisation globally, and we are proud to work with some of the largest and
most respected brands in the world.

 

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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