10 November 2023
Cornerstone FS Plc ("Cornerstone" or "the Company")
Director/PDMR Shareholding
Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that James Hickman, Chief Executive Officer, has purchased 74,649 Ordinary Shares in the capital of the Company at a price of 13.38 pence each, on 9 November 2023. Following the purchase, Mr Hickman holds 144,059 Ordinary Shares in the capital of the Company representing 0.25% of the issued share capital.
The notifications 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 | James Hickman |
| 2. | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| 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 | Purchase of Ordinary Shares |
| d) | Price(s) and volume(s) | Purchase Price: 13.38 pence per Ordinary Share Volume: 74,649 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 9 November 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 | |
| | |
| Shore Capital (Broker) | +44 (0)207 408 4090 |
| Daniel Bush, Tom Knibbs (Corporate Advisory) Guy Wiehahn (Corporate Broking) | |
| | |
| Gracechurch Group (Financial PR) | +44 (0)204 582 3500 |
| Harry Chathli, Claire Norbury | |
About Cornerstone FS plc
Cornerstone FS plc (AIM: CSFS) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Cornerstone combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 150 countries in 58 currencies. With a track record of over 12 years, Cornerstone has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated by the Financial Conduct Authority as an Electronic Money Institution. www.cornerstonefs.com
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