PCIP Pci-pal Plc

TIDMPCIP

RNS Number : 5118O

PCI-PAL PLC

07 November 2016

PCI-PAL PLC

("PCI-PAL" or the "Company")

Special Dividend

and

Dividend Timetable

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 GBP4.4m, 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 GBP1,002,389.22 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:

 
 Ex-Dividend Date        17-Nov-16 
 Record Date             18-Nov-16 
 Expected Payment Date   09-Dec-16 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 
 For further details, please contact: 
 
    PCI-PAL Plc                                    Via Walbrook PR 
 
    William Catchpole - Chief Executive Officer 
    Andy Francombe - Chief Financial Officer 
   N+1 Singer (Nomad & Broker) 
    Aubrey Powell                                 +44 (0) 20 7496 3000 
   Walbrook PR                                    +44 (0) 20 7933 8780 
                                                   +44 (0) 797 122 1972 
    Tom Cooper / Paul Vann                         tom.cooper@walbrookpr.com 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 07, 2016 07:30 ET (12:30 GMT)

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