REG - Finseta PLC - Grant of Options, PDMR Dealings

FinsetaAnnouncement

25/10/2024 07:00

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RNS Number : 5685J  Finseta PLC  25 October 2024

25 October 2024

 

Finseta plc

("Finseta", "the Company" or "the Group")

 

Grant of Options, PDMR Dealings

 

Finseta (AIM: FIN), a foreign exchange and payments solutions company offering
multi-currency accounts to businesses and individuals through its proprietary
technology platform, announces that on 24 October 2024 (the "Grant Date") the
Company granted a total of 260,000 options (the "Options") over ordinary
shares of 1 penny each in the Company ("Ordinary Shares") to certain
employees, including two PDMRs of the Company as follows:

 

 Name                Role                  Number of Options Granted
 Declan Jones        Head of Product       130,000
 Cameron Hutchinson  Country Head, Canada  100,000

 

The Options vest in three equal tranches on the first, second and third
anniversaries of the Grant Date and are exercisable at a price of 37
pence per Ordinary Share, representing the closing price of the Company's
Ordinary Shares on AIM on 23 October 2024, being the day prior to the Grant
Date. The vesting of the Options is subject to the individual remaining an
employee of the Company. Leavers may exercise vested Options within 90 days of
cessation of employment. All Options expire five years after the Grant Date.

 

Following the grant of the Options, the Company has options outstanding over a
total of 5,347,736 Ordinary Shares, representing approximately 9.3% of the
Company's current issued ordinary share capital.

 

Enquiries

 

 Finseta plc                                     +44 (0)203 971 4865
 James Hickman, Chief Executive Officer

 Judy Happe, Chief Financial Officer

 Shore Capital (Nominated Adviser and 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, Henry Gamble

 

About Finseta plc

 

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering
multi-currency accounts and payment solutions to businesses and individuals.
Headquartered in the City of London, Finseta combines a proprietary
technology platform with a high level of personalised service to support
clients with payments in over 165 countries in 140 currencies. With a track
record of over 12 years, Finseta has the expertise, experience and expanding
global partner network to be able to execute complex cross-border payments. It
is fully regulated, through its wholly-owned subsidiaries, by the Financial
Conduct Authority as an Electronic Money Institution and by the Financial
Transactions and Reports Analysis Centre of Canada as a Money Services
Business. www.finseta.com
(https://url.avanan.click/v2/___http:/www.finseta.com___.YXAxZTpzaG9yZWNhcDphOm86NDc0NTc2YjE2ZDdhNTM1OWMyYjdjY2QzMzdkODk4NWI6NjowZmM5OjM5NGRhN2Y3N2Q2YzQ0ZmYxNTdlOWY5N2U5Y2UxNDg4NTFmMzY0MzM2Zjc2YzE3NTdjNTZjYTE0MTRkMWU3OWM6cDpUOk4)

 

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                                                         Declan Jones

 2    Reason for the notification

 a)   Position/status                                              Head of Product

 b)   Initial notification/amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Finseta plc

 b)   LEI                                                          213800O4IL2RXZ2BZ956

 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, type of instrument  Options over ordinary shares of 1 penny each

      Identification code                                          GB00BNG7CD28

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     37 pence          130,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      24 October 2024

 f)   Place of the transaction                                     Off market

 

 

  1   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name                                                         Cameron Hutchinson

 2    Reason for the notification

 a)   Position/status                                              Country Head, Canada

 b)   Initial notification/amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Finseta plc

 b)   LEI                                                          213800O4IL2RXZ2BZ956

 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, type of instrument  Options over ordinary shares of 1 penny each

      Identification code                                          GB00BNG7CD28

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     37 pence          100,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      24 October 2024

 f)   Place of the transaction                                     Off market

 

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