Issue of Options & Director Share Purchases

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PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to James Barham, Chief Executive Officer of the Company, on 4 April 2024 at an exercise price of 56.0p, being the closing price on 3 April 2024, as follows:

Name	Title	Options Granted	Earliest Vesting Date	Total Options Held
James Barham	CEO	400,000	04/04/2025	1,375,000
The terms of vesting are as follows:
Tranche of Awards				Vesting Criteria
25% of the grant Options				The Option shall be exercisable over 25% of the Option Shares (rounded down to the nearest whole Share) if the price of the Company's shares, as determined by the previous dealing day's closing price (derived from the London Stock Exchange or as published in the Financial Times) ("Company Share Price") is equal to or greater than 56.0 pence per share during any continuous 30 day period falling after the Date of Grant.
50% of the grant Options				The Option shall be exercisable over an additional 50% of the Option Shares (rounded down to the nearest whole Share) if the Company Share Price is equal to or greater than 84.0 pence per share during any continuous 30 day period falling after the Date of Grant.
25% of the grant Options				The Option shall be exercisable over the remaining 25% of the Option Shares if the Company Share Price is equal to or greater than 114.0 pence per share during any continuous 30 day period falling after the Date of Grant.

Subject to the Vesting Criteria above being met, a maximum of 133,333 Options can be exercised after one year from the date of grant, a maximum 266,666 Options can be exercised after two years, and all Options can be exercised after three years.

Following this announcement, there are a total of 9,161,667 options over Ordinary Shares in issue, representing 12.69% of the current issued share capital of the Company.

Director/PDMR Dealings:

The Company was notified that James Barham, Chief Executive Officer, purchased 26,820 Ordinary Shares at a price of 56.5 pence per Ordinary Share on 4 April 2024. As a result of this transaction James Barham's beneficial interest in the Company increases to 226,301 Ordinary Shares representing 0.31 per cent. of the Company's total voting rights.

The Company was notified that Simon Wilson, Non-Executive Chairman, purchased 30,000 Ordinary Shares at a price of 56.8 pence per Ordinary Share on 4 April 2024. As a result of this transaction Simon Wilson's beneficial interest in the Company increases to 190,000 Ordinary Shares representing 0.26 per cent. of the Company's total voting rights.

Details of the person discharging managerial responsibilities/person closely associated
Name: James Barham
Reason for the notification
Position/status: Chief Executive Officer
Initial notification/Amendment: Initial notification
Name: PCI PAL PLC
LEI: 213800XTX34IQYMYES95
Description of the financial instrument, type of instrument: Identification code: Ordinary Shares of 1 pence each ISIN Code: GB0009737155
Nature of the transaction: Grant of Options
Price(s) and volume(s): Price(s) Volume(s) 56.0 pence 400,000
Aggregated information: · Aggregated volume: · Price: See 4c) above
Dates of the transactions: 4 April 2024
Place of the transaction: Off Market Transaction
Details of the person discharging managerial responsibilities/person closely associated
Name: James Barham
Reason for the notification
Position/status: Chief Executive Officer
Initial notification/Amendment: Initial notification
Name: PCI PAL PLC
LEI: 213800XTX34IQYMYES95
Description of the financial instrument, type of instrument: Identification code: Ordinary Shares of 1 pence each ISIN Code: GB0009737155
Nature of the transaction: Purchase of Ordinary Shares
Price(s) and volume(s): Price(s) Volume(s) 56.5 pence 26,820
Aggregated information: · Aggregated volume: · Price: See 4c) above
Dates of the transactions: 4 April 2024
Place of the transaction: London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities/person closely associated
Name: Simon Wilson
Reason for the notification
Position/status: Non-Executive Chairman
Initial notification/Amendment: Initial notification
Name: PCI PAL PLC
LEI: 213800XTX34IQYMYES95
Description of the financial instrument, type of instrument: Identification code: Ordinary Shares of 1 pence each ISIN Code: GB0009737155
Nature of the transaction: Purchase of Ordinary Shares
Price(s) and volume(s): Price(s) Volume(s) 56.8 pence 30,000
Aggregated information: · Aggregated volume: · Price: See 4c) above
Dates of the transactions: 4 April 2024
Place of the transaction: London Stock Exchange, AIM Market (XLON)

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