Final Repayment of Loan Note

RNS Number : 4883L

PCI-PAL PLC

27 December 2018

 

 

PCI-PAL PLC

("PCI Pal" or "the Group")

Final Repayment of Loan Note

PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, is pleased to announce that the loan note due from the sale of its Ansaback and CallScripter businesses (the "Disposal") has been repaid in full ahead of the due date. The sum received of £1.335 million completes all payments due from the Disposal.

Commenting on this news, James Barham, Chief Executive Officer of PCI Pal, said:

"The early repayment of the loan note marks the final closure of the sale of the Group's historic lines of call centre businesses.  As a pure-play, cloud provider, PCI Pal has now added further stability to its balance sheet as we continue to pursue near-term global growth opportunities."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For further information, please contact:

PCI-PAL PLC	Via Walbrook PR
James Barham - Chief Executive Officer William Good - Chief Financial Officer
finnCap (Nominated Adviser and Broker)	[phone]
Geoff Nash/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
Walbrook PR	[phone]
Tom Cooper/Paul Vann	[phone]
	[e-mail]

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/

 

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