PCI-PAL PLC UK Court Hearing (2775X)

TIDMPCIP

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)                                 [phone] 
 Marc Milmo/Simon Hicks/Fergus Sullivan (Corporate 
  Finance) 
  S unila De Silva (Corporate Broking) 
 Walbrook PR                                          [phone] 
 Tom Cooper/Paul Vann                                 [phone] 
                                                      [e-mail] 
 

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 or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/

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December 19, 2023 02:00 ET (07:00 GMT)