PCI-PAL PLC AGM Statement (3923W)
December 12 2023 - 2:00AM
UK Regulatory
TIDMPCIP
RNS Number : 3923W
PCI-PAL PLC
12 December 2023
12 December 2023
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, is pleased to
provide the following update ahead of the Company's Annual General
Meeting to be held at 11.00 a.m. today.
PCI Pal's growth momentum continues in a year where the Company
is focused on delivery of another year of strong organic revenue
growth whilst also achieving its first full year of adjusted
profit. New business sales are ahead of the prior year, with
several highlight enterprise customer wins now in deployment
phase.
The Company continues to maximise the opportunity presented
through its market leading partner eco-system and was therefore
pleased to announce its new strategic partnership with Zoom on 13
November 2023. The new partnership will be at launch stage in early
2024 and is already contributing to the Group's sales pipeline.
The continued expansion of the Group's partner eco-system and
customer base is a reflection of the appeal of PCI Pal's products
and services. The year to date has seen continued progress on new
product development with a number of new features and products
nearing full general availability. This activity has included the
Group's first customer sold and live using a new agent desktop user
interface which also leverages new payment capabilities provided
through the Company's technology partnership with Stripe.
The Board is looking forward to the Form of Order hearing
concerning its recent resounding victory in its patent lawsuit with
a competitor, Sycurio Limited. The hearing will be held on 18
December 2023. PCI Pal has lodged a number of witness statements
with the court detailing the reasons why it should be awarded the
maximum cost recovery given the strength of its victory in the UK.
PCI Pal looks forward to presenting these in court. The Company
will issue a further update following the hearing.
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)
S unila De Silva (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 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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END
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