Last checked at 22 Nov 2018 07:00
PCI-PAL PLC
("PCI Pal", the "Group" or the "Company")
Settlement with former Chief Executive and receipt of Loan Note repayment
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, announces that it has signed a settlement agreement with William Catchpole, the Group's former Chief Executive Officer.
Under the terms of the agreement, Mr Catchpole will receive his contracted entitlements plus an additional payment of £100,100 in full and final settlement of all other claims.
Further to its announcement on 1 November, the Company has also received the final £250,000 loan note repayment due this year, in line with the terms of the contract for the sale of the Group's contact centre business.
For further information, please contact:
PCI-PAL PLC | Via Walbrook PR |
James Barham - Chief Executive Officer William Good - Chief Financial Officer
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finnCap (Nominated Adviser and Broker) | +44 (0) 20 7227 0500 |
Geoff Nash/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
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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 Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.
To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/