REG - PCI-PAL PLC - Settlement with former CEO and Loan Note repayment

PCI- PALAnnouncement

22/11/2018 07:05

RNS Number : 1245I
PCI-PAL PLC
22 November 2018
 


 
PCI-PAL PLC
("PCI Pal", the "Group" or the "Company")
 
Settlement with former Chief Executive and receipt of Loan Note repayment
 
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, announces that it has signed a settlement agreement with William Catchpole, the Group's former Chief Executive Officer.
 
Under the terms of the agreement, Mr Catchpole will receive his contracted entitlements plus an additional payment of £100,100 in full and final settlement of all other claims.
 
Further to its announcement on 1 November, the Company has also received the final £250,000 loan note repayment due this year, in line with the terms of the contract for the sale of the Group's contact centre business. 
 
 
 
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




Geoff Nash/Simon Hicks (Corporate Finance)
Richard Chambers (Corporate Broking)
 


 




Walbrook PR


+44 (0) 20 7933 8780




Tom Cooper/Paul Vann


+44 (0) 797 122 1972




 


tom.cooper@walbrookpr.com




  
About PCI Pal:
 
PCI Pal is a Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.
 
To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/




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