REG - Cornerstone FS PLC - Directors'/PDMR Shareholdings

Cornerstone FSAnnouncement

23/01/2023 07:00

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RNS Number : 4758N  Cornerstone FS PLC  23 January 2023

23 January 2023

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

Director/PDMR Shareholdings

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international
payment, currency risk management and electronic account services to SMEs,
announces that five Directors of Cornerstone informed the Company on Friday 20
January 2023 that they had purchased a total of 223,500 Ordinary Shares in the
capital of the Company, on 20 January 2023, in the amounts and at the prices
set out in the table below. In addition, their resultant shareholdings and
percentage holdings of the Company's total voting rights, are also disclosed
below.

 Director        Number of Ordinary Shares purchased  Price per Ordinary Share (pence)  Resultant Shareholdings  Percentage of Total Voting Rights
 Gareth Edwards  56,500                               8.845p                            725,846                  1.49%
 James Hickman   55,000                               8.924p                            69,410                   0.14%
 Judy Happe      6,000                                8.825p                            25,516                   0.05%
 John Burns      6,000                                8.825p                            6,000                    0.01%
 Simon Bullock   100,000                              8.825p                            100,000                  0.20%

 

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                                    Gareth Edwards
 2.  Reason for the notification
 a)  Position/status                          Non-Executive Chairman
 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: 8.845 pence per Ordinary Share

                                              Volume: 56,500 Ordinary Shares
 e)  Aggregated information                   As for d) above

     -     Aggregated volume

     -     Price
 f)  Date of the transaction                  20 January 2023
 f)  Place of the transaction                 London Stock Exchange

 

 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: 8.924 pence per Ordinary Share

                                              Volume: 55,000 Ordinary Shares
 e)  Aggregated information                   As for d) above

     -     Aggregated volume

     -     Price
 f)  Date of the transaction                  20 January 2023
 f)  Place of the transaction                 London Stock Exchange

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)   Name                                    Judy Happe
 2.  Reason for the notification
 a)  Position/status                          Chief Financial 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: 8.825 pence per Ordinary Share

                                              Volume: 6,000 Ordinary Shares
 e)  Aggregated information                   As for d) above

     -     Aggregated volume

     -     Price
 f)  Date of the transaction                  20 January 2023
 f)  Place of the transaction                 London Stock Exchange

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)   Name                                    John Burns
 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                Purchase of Ordinary Shares
 d)  Price(s) and volume(s)                   Purchase Price: 8.825 pence per Ordinary Share

                                              Volume: 6,000 Ordinary Shares
 e)  Aggregated information                   As for d) above

     -     Aggregated volume

     -     Price
 f)  Date of the transaction                  20 January 2023
 f)  Place of the transaction                 London Stock Exchange

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)   Name                                    Simon Bullock
 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                Purchase of Ordinary Shares
 d)  Price(s) and volume(s)                   Purchase Price: 8.825 pence per Ordinary Share

                                              Volume: 100,000 Ordinary Shares
 e)  Aggregated information                   As for d) above

     -     Aggregated volume

     -     Price
 f)  Date of the transaction                  20 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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