PCI-PAL PLC Trading Update, Notice of Results & Board Change (6228U)
January 19 2017 - 5:30AM
UK Regulatory
TIDMPCIP
RNS Number : 6228U
PCI-PAL PLC
19 January 2017
PCI-PAL PLC
("PCI-PAL", the "Group" or the "Company")
Trading Update, Notice of Results & Directorate Change
PCI-PAL plc (AIM: PCIP), the supplier of contact centre payment
solutions which enable organisations to take customer payments
securely, de-risking their business from the threat of data loss
and cybercrime, is pleased to announce the following trading update
ahead of its Interim Results for the six months to 31 December
2016.
Trading Update
Following the sale of the contact centre operations in September
2016, the Group has been solely focused on its PCI-PAL business
which has continued to enjoy good momentum in the first half of the
financial year. Revenue from continuing operations is slightly
ahead of the Board's expectations for the first half, showing
growth as expected relative to the comparable period in 2015.
The payment solutions operations have made significant progress
in growing the client base with strong order intake in 2016
resulting in an existing order book of 22 contracts for clients in
multiple sectors scheduled to go live in 2017. In addition, since
31 December 2016, the Company has secured an international order
for the supply of its services to the world's largest electrical
heating business. The new client holds significant market share in
the domestic appliance industry worldwide.
Notice of Interim Results
PCI-PAL will announce its Interim Results for the six months
ended 31 December 2016 on Wednesday 22 February 2017. Those
requiring further information should contact Tom Cooper on 020 7933
8780 or tom.cooper@walbrookpr.com.
Directorate Change
The Company announces that Andy Francombe, Chief Financial
Officer, has informed the Board of his intention to step down from
the Board following publication of the Interim Results to
concentrate on his other business interests, having supported the
Company through the sale of the call centre operations in September
2016 and its initial transition to a secure payments solutions
provider. Andy has committed to assisting with securing a suitable
successor and managing an orderly handover. The Company will
provide a further update in due course.
William Catchpole, Chief Executive Officer of PCI-PAL, said:
"Andy has played a key role in executing our recent refocusing
of the Group and on behalf of the Board and everyone at PCI-PAL, we
would like to thank Andy for his significant help and wish him the
very best for the future.
"The Board is encouraged by progress in the business and looks
forward to providing further information in its interim results
release."
The announcement contains inside information.
For further details, please contact:
PCI-PAL Plc Via Walbrook PR
William Catchpole - Chief Executive Officer
Andy Francombe - Chief Financial Officer
N+1 Singer (Nomad & Broker)
Aubrey Powell / James White +44 (0) 20 7496 3000
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper / Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
PCI-PAL is a supplier of contact centre payment solutions which
provides products and services enabling organisations to take
customer payments securely, to store customer data safely, in
particular credit card data, and to de-risk their business from the
threat of data loss and cybercrime. PCI-PAL solutions are currently
used in more than 60 organisations, many of which are global
businesses in the retail, services, and utilities sectors,
utilising PCI-PAL technology to ensure they meet industry rules and
regulations governing customer data protection.
PCI-PAL floated under the name of CountyWeb.com PLC on the AIM
market of the London Stock Exchange in September 2000. The PCI-PAL
product suite was launched in 2011 and since the disposal of its
contact centre operations in September 2016, the business has been
solely focused on its PCI-PAL business.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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