PCI-PAL (AIM: PCIP), the customer engagement specialist focussed on secure payment solutions, announces that, following completion of the disposal of IPPlus (UK) Limited and CallScripter Limited (the "Disposal"), its Board has resolved to pay a special
dividend of 3.16 pence per share in December 2016 in respect of the current financial year.
As at the time of completion of the Disposal on 30 September 2016, the Company had cash reserves of £4.4m, with additional cash in subsidiaries and amounts owed to the Company by the acquirer of the disposed businesses.
Following receipt of the net proceeds of the Disposal and assessment of the ongoing needs of the business, the Board has therefore decided to pay a special dividend of £1,002,389.22 to shareholders on the PCI-PAL register as of 18 November 2016,
equivalent to 3.16 pence per share.
The details of the dividend timetable are as follows:
Expected Payment Date
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further details, please contact:
William Catchpole - Chief Executive Officer
Andy Francombe - Chief Financial Officer
|Via Walbrook PR|
|N+1 Singer (Nomad & Broker)|
|+44 (0) 20 7496 3000|
Tom Cooper / Paul Vann
|+44 (0) 20 7933 8780|
+44 (0) 7971 221 972
About PCI-PAL PLC:
The Company currently has a single principal business, PCI-PAL, which provides products and services that enable organisations to securely take customer payments, safely store customer data, in particular credit card data, and to de-risk their business activities from the threat of data loss and cybercrime.