Board Changes & Appointment of CFO

PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions, is pleased to announce the appointment of its new Chief Financial Officer ("CFO").

Ryan Murray will join PCI Pal as Chief Financial Officer with effect from 14 October 2024.  Mr Murray has over 23 years' accountancy and financial experience in both industry and public practice, including substantial time working in the technology sector. He is joining PCI Pal from AIM listed FD Technologies plc where he has been employed in a number of senior finance positions over the last 14 years.  His roles have included Head of Corporate Finance, Chief Financial Officer of KX (FD Technologies software division), and Group Financial Controller. He has extensive financial, commercial, M&A, and Tax experience during periods of fast growth.

Interim period

As announced on 27 February 2024, William Good has remained with the Company as a Director to ensure a smooth transition before his retirement from the Board.  The Company now expects that retirement to be effective from 15 July 2024.

In the intervening period, until Mr Murray joins, the Company's Group Financial Controller, Angus Reger, will move into the position of Interim Chief Financial Officer and will be supported by the combined financial experience of the existing Board members.   

Simon Wilson, Chairman, commented:

"Having carried out an extensive market search for the Company's new CFO, I am very pleased that we are today able to announce Ryan's appointment, and that he will be joining us in October. His experience within fast growth companies, in technology, and with an international footprint that includes the U.S. fits our stage of development perfectly.

"I'd like to take this opportunity to thank our departing CFO, William Good, for his commitment and dedication during his time with PCI Pal. William has played a key role in growing PCI Pal to its current position today as the strongest cloud vendor in the market. On behalf of the Board, I would like to wish William all the very best in his future endeavours.

"We are equally very pleased to welcome Angus Reger to the role of Interim CFO until such time as Ryan joins us in October.  Angus has been with PCI Pal for over two years and has been integral to the smooth running of the finance department and audit process."

Regulatory disclosures

The following information regarding Ryan Murray, aged 46, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

The Company intends to issue Ryan Murrray 350,000 options over ordinary shares in the Company upon commencement of his employment.

On 15 March 2014, Ryan Murray was appointed as a director of Project For Advocacy, Counselling & Education ("PACE") and subsequently resigned as a director on 18 May 2015. PACE entered creditors voluntary liquidation on 3 March 2016. Under the liquidation, a dividend of 100 pence in the pound was paid to preferential creditors and a dividend of 4.49 pence in the pound was paid to unsecured creditors. PACE was subsequently dissolved on 11 August 2018.

There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies.

For further information, please contact:

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.  PCI Pal products can be used by any size organisation globally, and we are proud to work with some of the largest and most respected brands in the world.

For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/