Pci-pal Regulatory News (PCIP)

THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND, ISRAEL OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT AND AT THE START OF THE APPENDIX.

PCI PAL PLC

("PCI Pal" or the "Company")

Results of Placing

The Company is pleased to announce that a total of 11,000,000 Placing Shares have been conditionally placed at a price of 45 pence per Placing Share, raising gross proceeds of £4.95 million (approximately £4.6 million after expenses). The Placing Shares will represent approximately 25.8% of the Company's enlarged issued ordinary share capital (excluding treasury shares).

William Catchpole, CEO of PCI Pal, said:

"We are delighted by the response we have received from new and existing shareholders. The funds raised through the placing will enable us to invest in the business and capitalise on the significant commercial opportunities in North America and elsewhere. We look forward to this exciting next stage of development of PCI Pal."

Share capital on completion of the Placing

Application has been made for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur on or around 31 January 2018.

Following Admission, the Company's enlarged issued share capital will comprise 42,721,178 Ordinary Shares with 167,229 Ordinary Shares held in treasury and the total voting rights in the Company will be 42,553,949. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The issue of the Placing Shares is conditional, amongst other things, the admission of the Placing Shares to trading on AIM.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Company's announcement released earlier today.

Note: Each of the above dates is subject to change at the absolute discretion of the Company

N+1 Singer is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom. N+1 Singer is acting exclusively for the Company and no one else in connection with the Bookbuild and the Placing, and N+1 Singer will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Bookbuild or the Placing or any other matters referred to in this announcement.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Placing Agent or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.