Business
Settlement with former CEO and Loan Note repayment
Settlement with former CEO and Loan Note repayment.
About this update from Pci-pal Plc
[{"type":"text","content":"\n \nRNS Number : 1245I PCI-PAL PLC 22 November 2018 \n\n \nPCI-PAL PLC\n(\"PCI Pal\", the \"Group\" or the \"Company\")\n \nSettlement with former Chief Executive and receipt of Loan Note repayment\n \nPCI-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.\n \nUnder 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.\n \nFurther 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. \n \n \n \nFor further information, please contact:\n \n\n\n\n\nPCI-PAL PLC\n\n\nVia Walbrook PR\n\n\n\n\nJames Barham - Chief Executive Officer\nWilliam Good - Chief Financial Officer\n \n\n\n \n\n\n\n\nfinnCap (Nominated Adviser and Broker)\n\n\n+44 (0) 20 7227 0500\n\n\n\n\nGeoff Nash/Simon Hicks (Corporate Finance)\nRichard Chambers (Corporate Broking)\n \n\n\n \n\n\n\n\nWalbrook PR\n\n\n+44 (0) 20 7933 8780\n\n\n\n\nTom Cooper/Paul Vann\n\n\n+44 (0) 797 122 1972\n\n\n\n\n \n\n\[email protected]\n\n\n\n\n \nAbout PCI Pal:\n \nPCI 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.\n \nTo understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MS...