11 December 2024
PCI-PAL
PLC
("PCI
Pal", the "Company" or "the Group")
AGM
Statement
PCI-PAL PLC (AIM: PCIP), the global
cloud provider of secure payment solutions for business
communications, provides the following update ahead of the
Company's Annual General Meeting to be held at 11.00 a.m.
today.
The Board is pleased to report
continued positive trading momentum to date in FY25. Demand for the
Company's services remains strong with an increasing sales pipeline
and more global, integrated partners than ever before. New business
to the end of November 2024 is ahead of the same period in the
prior year and in line with the Board's projections for new
business sales for the current financial year.
Sales highlights in FY25 to date
include a further example of a competitor displacement at a FTSE250
utility provider where PCI Pal was selected to provide its
best-in-class cloud services to secure this customer's payment
environments across its sizeable contact centre operation. We were
also pleased to announce on 4 November 2024, the successful
re-tender of one of the Company's largest customers, the UK
Department for Work and Pensions.
With a strong balance sheet, growing
sales pipeline, and high customer retention, the Group is well
positioned to capitalise on the market opportunity
ahead.
For further information, please
contact:
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PCI-PAL PLC
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Via Walbrook PR
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James Barham - Chief Executive
Officer
Ryan Murray - Chief Financial
Officer
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Cavendish Capital Markets Limited (Nominated Adviser and Broker)
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+44 (0) 20 7227 0500
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Marc Milmo/Fergus Sullivan/Finn
Gordon (Corporate Finance)
Sunila De Silva/Ondraya Swanson
(Corporate Broking)
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Walbrook PR
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+44 (0) 20 7933 8780
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Nick Rome/Joe Walker
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+44 (0) 7748 325 236
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nick.rome@walbrookpr.com
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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/