Director/PDMR Shareholding

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 -  Aggregated volume -  Price	As for d) above
f)	Date of the transaction	16 January 2023
f)	Place of the transaction	London Stock Exchange

~ENDS~

Enquiries

Cornerstone FS Plc	[phone]
James Hickman, Chief Executive Officer   Judy Happe, Chief Financial Officer
SPARK Advisory Partners Limited (Nomad)	[phone]
Mark Brady, A dam Dawes
SP Angel Corporate Finance LLP (Broker)	[phone]
Jeff Keating, Harry Davies-Ball
G racechurch Group (Financial PR)	[phone]
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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