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PCI-PAL PLC provided an update on 19 December 2023 following a Form of Order hearing held at the High Court in London on 18 December 2023. Judge Mrs Justice Bacon ordered the claimant, Sycurio Ltd, to make a substantial interim payment of costs and refused Sycurio's application for permission to appeal. PCI-PAL PLC expects the formal Form of Order to be signed by the court later on 19 December 2023.
| Date | 19 Dec 2023 |
| Time | 07:00:13 |
| Category | Miscellaneous |
| ID | 2775X |
19 December 2023
PCI-PAL PLC
("PCI Pal", the "Company" or "the Group")
UK Court Hearing
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, provides an update following the Form of Order hearing held at the High Court in London on Monday 18 December 2023.
The Board is pleased with the decisions outlined in court by the Judge, Mrs Justice Bacon, and in particular notes that she has ordered the claimant, Sycurio Ltd, to make a substantial interim payment of costs, subject to certain terms and conditions. The Judge has also refused Sycurio's application for permission to appeal.
The Company expects that the formal Form of Order will be signed by the court later today and therefore the Company expects to provide a further more detailed update in the coming days.
For further information, please contact:
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PCI-PAL PLC |
Via Walbrook PR |
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James Barham - Chief Executive Officer William Good - Chief Financial Officer
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Cavendish Capital Market Limited (Nominated Adviser and Broker) |
+44 (0) 20 7227 0500 |
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Marc Milmo/Simon Hicks/Fergus Sullivan (Corporate Finance) Sunila De Silva (Corporate Broking)
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Walbrook PR |
+44 (0) 20 7933 8780 |
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Tom Cooper/Paul Vann |
+44 (0) 797 122 1972 |
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About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.
The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.
For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/