Source - LSE Regulatory
RNS Number : 9905M
Cornerstone FS PLC
17 January 2023
 

17 January 2023

Cornerstone FS Plc ("Cornerstone" or "the Company")

Dealing by a Director

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that, Gareth Edwards, Non-Executive Director, has notified the Company on 16 January 2023, that on 16 January 2023, he sold 205,300 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 8.5p per Ordinary Share from his General Investment Account and repurchased 205,300 Ordinary Shares at a price of 8.515p per Ordinary Share in his SIPP.

 

Following these matching transactions, his beneficial interest in the issued share capital of the Company remains unchanged at 669,346 Ordinary Shares representing approximately 1.37% of the current Issued Share Capital of the Company following the Issue of Equity and Total Voting Rights announcement made yesterday, 16 January 2023.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

 Name

Gareth Edwards

2.

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cornerstone FS Plc

b)

LEI

213800O41L2RXZ2BZ956

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of 1 penny each

b)

Identification code

GB00BNG7CD28

c)

Nature of the transaction

Sale and Purchase of Ordinary Shares

d)

Price(s) and volume(s)

Sale Price: 8.5 pence per Ordinary Share

Volume: 205,300 Ordinary Shares

Purchase Price: 8.515 pence per Ordinary Share

Volume: 205,300 Ordinary Shares

e)

Aggregated information

-     Aggregated volume

-     Price

As for d) above

f)

Date of the transaction

16 January 2023

f)

Place of the transaction

London Stock Exchange

 

~ENDS~

 

Enquiries

 

Cornerstone FS Plc 

+44 (0)203 971 4865 

James Hickman, Chief Executive Officer 

Judy Happe, Chief Financial Officer 




SPARK Advisory Partners Limited (Nomad) 

+44 (0)203 368 3550 

Mark Brady, Adam Dawes 




SP Angel Corporate Finance LLP (Broker) 

+44 (0)203 470 0470 

Jeff Keating, Harry Davies-Ball 




Gracechurch Group (Financial PR) 

+44 (0)204 582 3500 

Harry Chathli, Claire Norbury 


 

About Cornerstone FS plc

Cornerstone FS Plc is a payments focused fintech business that makes managing currency simple for SMEs. It provides international payment, currency risk management and electronic account services using a proprietary cloud-based multi-currency payments platform. These services are delivered directly and via white label partners on a SaaS basis to UK-based SMEs that engage in international trade. Cornerstone also serves some high-net worth individual clients.

Headquartered in the City of London and with offices in Tunbridge Wells and Dubai, Cornerstone is listed on AIM under the trading symbol 'CSFS'. For more information, please visit www.cornerstonefs.com.

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END
 
 
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