PCI-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.
Under 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.
Further 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.
For further information, please contact:
Via Walbrook PR
James Barham - Chief Executive Officer
William Good - Chief Financial Officer
finnCap (Nominated Adviser and Broker)
+44 (0) 20 7227 0500
Geoff Nash/Simon Hicks (Corporate Finance)
Richard Chambers (Corporate Broking)
+44 (0) 20 7933 8780
Tom Cooper/Paul Vann
+44 (0) 797 122 1972
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.