PCI-PAL PLC Directorate Change (3999A)
24 March 2017 - 6:01PM
UK Regulatory
TIDMPCIP
RNS Number : 3999A
PCI-PAL PLC
24 March 2017
PCI-PAL PLC
("PCI-PAL", the "Group" or the "Company")
Directorate Change
PCI-PAL PLC (AIM: PCIP), the supplier of contact centre payment
solutions which enable organisations to take customer payments
securely, de-risking their business from the threat of data loss
and cybercrime, is pleased to announce the appointment of William
Good as Chief Financial Officer, effective 1 April 2017. As
previously announced on 19 January 2017, Andy Francombe intends to
step down from the Board to pursue his other business interests
following an orderly handover of responsibilities.
Previously, William Good was the Chief Financial Officer of Card
Clear plc, Retail Decisions plc, Revenue Assurance Services plc and
Managed Support Services plc and so has nearly 20 years' experience
of Main Market listed and AIM quoted companies. He joins PCI-PAL
from Beck Optronic Solutions Ltd, where he has been Finance
Director since 2014.
William Catchpole, CEO of PCI-PAL, commented: "I am delighted to
welcome William to the Board as Chief Financial Officer. William
has pursued a varied career, and has enjoyed senior roles within
some extremely relevant companies, in particular at Card Clear and
Retail Decisions, the credit card processing and international
fraud prevention service companies. With this extensive experience
we are confident William will make a significant contribution to
our business as we continue to deliver on our UK and International
growth strategy."
Additional information to be disclosed under Schedule 2(g) and
Rule 17 of the AIM rules is included below.
For further details, please contact:
PCI-PAL Plc Via Walbrook PR
William Catchpole - Chief Executive Officer
N+1 Singer (Nominated adviser & Broker)
Aubrey Powell / James White +44 (0) 20 7496 3000
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper / Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
PCI-PAL is a supplier of contact centre payment solutions which
provides products and services enabling organisations to take
customer payments securely; to store customer data safely, in
particular credit card data; and to de-risk their business from the
threat of data loss and cybercrime.
PCI-PAL solutions are currently used in more than 60
organisations, many of which are global businesses in the retail,
services, and utilities sectors. Utilising PCI-PAL technology
ensures our customers meet the stringent PCI-DSS Level 1 industry
rules, as laid down by the global Payment Card Issuers such as Visa
and Mastercard and the regulations governing customer data
protection.
PCI-PAL floated on the AIM market of the London Stock Exchange
in September 2000. In September 2016, the Board decided to solely
focus on its PCI-PAL solutions with the sale of its contact centre
operations for GBP6.7m. The Board believes that the Company now has
the cash resources to fully implement its UK and International
growth plans.
Further declaration:
Thomas William Good (52) has held the following directorships
within the five years prior to the date of this announcement:
Current directorships Previous directorships
(past 5 years)
Hemel Holdings Ltd Integra Business Solutions
JWSA 2 Limited Ltd
Machinery Asset Finance Applied Optronic Systems
Ltd Ltd
The Luxury Vacation Davin Optronics Ltd
Club Company Ltd William Piper Narrowboats
Beck Optronic Solutions Ltd
Ltd Optronic Investments
Ltd
William Good was a director of Davin Optronics Limited when it
was placed into administration on 13 October 2014. The
administration was concluded and finalised on 19 October 2015.
Preferential creditors were paid a dividend of 38 pence in the
pound relating to claims totaling GBP77,514. There was an estimated
shortfall to unsecured creditors of GBP1,998,941. The creditor
holding a first charge was paid off in full. The Company was struck
off on 3 January 2017.
Other than the information contained in this announcement, there
is no further information required to be disclosed under Rule 17
and Schedule Two, paragraph (g) of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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