PCI-PAL PLC - Suffolk, England-based cloud provider of secure payment solutions for business communications - Notes its competitor Sycurio Ltd has appealed the outcome of a patent case which, as announced in December, saw the UK High Court ruling in PCI-PAL’s favour. PCI-PAL says it ‘will of course contest [the appeal] and strongly believes it has no merit and has been brought in a continuing attempt by Sycurio to disrupt and put pressure on PCI-PAL’. Says Sycurio’s application to stay the interim payment of PCI Pal’s costs of £1.1 million will be heard in the coming weeks by the Court of Appeal. The payment is currently being held by PCI-PAL’s lawyers in its account.
Current stock price: 61.00 pence, down 3.9%
12-month change: up 8.0%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
