22nd Nov 2018 11:53
LONDON (Alliance News) - PCI-PAL PLC said Thursday it has signed a settlement agreement with William Catchpole, its former chief executive officer.
PCI-PAL secures and protects payment card data for companies handling payments by phone.
Under the terms of the deal, Catchpole will receive his contracted entitlements plus GBP100,100 in a "full and final settlement of all other claims".
In October, the company replaced Catchpole with North American Chief Operating Officer James Barham.
Furthermore, PCI-PAL received the final GBP250,000 loan note repayment due this year, for the sale of the its contact centre business.
PCI-PAL shares were untraded on Thursday, last quoted at a price of 24 pence each.
Related Shares:
Pci-pal