REG - PCI-PAL PLC - UK Court Hearing

PCI- PALAnnouncement

19/12/2023 07:00

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RNS Number : 2775X  PCI-PAL PLC  19 December 2023

19 December 2023

 

PCI-PAL PLC

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

 

UK Court Hearing

 

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions
for business communications, provides an update following the Form of Order
hearing held at the High Court in London on Monday 18 December 2023.

 

The Board is pleased with the decisions outlined in court by the Judge, Mrs
Justice Bacon, and in particular notes that she has ordered the claimant,
Sycurio Ltd, to make a substantial interim payment of costs, subject to
certain terms and conditions. The Judge has also refused Sycurio's application
for permission to appeal.

 

The Company expects that the formal Form of Order will be signed by the court
later today and therefore the Company expects to provide a further more
detailed update in the coming days.

 

 

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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