Purchase of Shares by a Director

RNS Number : 3897E
Cornerstone FS PLC
10 March 2022
 

10 March 2022

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

Purchase of Shares 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 purchased 24,033 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 16.9p per Ordinary Share.

 

Following this purchase, he now holds 389,721 Ordinary Shares representing approximately 1.65% of the current Issued Share Capital of the Company.

 

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

Purchase of Ordinary Shares

d)

Price(s) and volume(s)

Price: 16.9 pence per share

Volume: 24,033 shares

e)

Aggregated information

-  Aggregated volume

-  Price

As for d) above

f)

Date of the transaction

10 March 2022

f)

Place of the transaction

London Stock Exchange

 

~ENDS~

 

Enquiries

 

Cornerstone FS plc

+44 (0)203 971 4865

Julian Wheatland, Chief Executive Officer

Judy Happe, Chief Financial Officer




SPARK Advisory Partners Limited (Nomad)

+44 (0)203 368 3550

Mark Brady




SP Angel Corporate Finance LLP ( Broker )

+44 (0)203 470 0470

Jeff Keating, Harry Davies-Ball




Luther Pendragon (Financial PR)

+44 (0)207 618 9100

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 SMEs that engage in international trade. Cornerstone also serves some high-net worth individual clients.

 

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

 

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