PCI-PAL PLC (AIM:PCIP) climbed over 12% on Wednesday morning after the payment solutions firm scored a litigation victory in the Court of Appeal.
A £1.1 million award for costs will be released to PCI-PAL as a result, after having been held following an order by the High Court in January.
PCI-PAL said competitor Sycurio Ltd’s claim of a patent infringement was dismissed on the first of a two-day hearing, after previously being thrown out of the High Court.
“The board expects a full ruling to be available publicly in the coming days following which time the company will make a more detailed announcement,” PCI-PAL said.
This includes “the details of further costs that it will be seeking in relation to the appeal process”.
The shares climbed 12.12% to 66.15p.