Director/PDMR Shareholding
17/01/2023 10:29
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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 As for d) above
- Aggregated volume
- Price
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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