Director/PDMR Shareholdings

RNS Number : 9285A

Cornerstone FS PLC

07 February 2022

 

7 February 2022

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

Director/PDMR Shareholdings

Further to the Company's announcements dated 26, 27 January and 1 February 2022 in relation to the Company's acquisition of Capital Currencies Limited, Placing with new shareholders and Subscription by certain directors of New Ordinary Shares at a price of 26.5 pence per share; the Company can confirm that, a s part of the Subscription Elliott Mannis, Chairman of Cornerstone, subscribed for 18,868 New Ordinary Shares, Julian Wheatland, CEO, subscribed for 18,868 New Ordinary, Judy Happe, CFO, subscribed for 11,320 New Ordinary Shares and Gareth Edwards, non-Executive Director, subscribed for 37,736 New Ordinary Shares.

Following admission of the New Ordinary Shares, in respect of the Subscription, to trading today, the Directors' and other significant PDMRs' interests in the Company's Ordinary Shares are as follows:

Director/PDMR	Total number of Ordinary Shares	Proportion of the Enlarged Share Capital (%)
Elliott Mannis (Chairman)	218,720	0.93%
Julian Wheatland (CEO)	43,461	0.18%
Judy Happe (CFO)	19,516	0.08%
Gareth Edwards (NED)	365,688	1.55%
Philip Barry(NED)	3,205,749	13.61%
Glyn Barker (NED)	22,728	0.10%
Dan Mackinnon (NED)	-	-
William Newton (PDMR)	2,530,787	10.74%
Stephen Flynn (PDMR)	2,435,442	10.34%
Terence Everson (PDMR)	773,660	3.28%

In addition, Philip Barry's holding has decreased by 356,173 ordinary shares as he has transferred the legal title in those shares to the beneficial holder.

The Company announces the following Director/PDMR Shareholding dealings in accordance with Article 19 of the Market Abuse Regulation:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Elliott Mannis
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 transactions	Director participating in subscription
d)	Price(s) and volume(s)	Price: 26.5 pence per share Volume:  18,868 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transactions	7 February 2022
f)	Place of the transactions	Off-market

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julian Wheatland
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 transactions	Director participating in subscription
d)	Price(s) and volume(s)	Price: 26.5 pence per share Volume: 18,868 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transactions	7 February 2022
f)	Place of the transactions	Off-market
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 transactions	Director participating in subscription
d)	Price(s) and volume(s)	Price: 26.5 pence per share Volume: 11,320 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transactions	7 February 2022
f)	Place of the transactions	Off-market
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 transactions	Director participating in subscription
d)	Price(s) and volume(s)	Price: 26.5 pence per share Volume:  37,736 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transactions	7 February 2022
f)	Place of the transactions	Off-market

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Philip Barry
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 transactions	Transfer of legal interest as nominee to beneficial shareholder
d)	Price(s) and volume(s)	Price: nil Volume: 356,173 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transactions	7 February 2022
f)	Place of the transactions	Off-market

~ENDS~

Enquiries

Cornerstone FS plc	[phone]
Julian Wheatland, Chief Executive Officer Judy Happe, Chief Financial Officer
SPARK Advisory Partners Limited (Nomad)	[phone]
Mark Brady
Peterhouse Capital Limited (Joint Broker)	[phone]
Eran Zucker, Lucy Williams
SP Angel Corporate Finance LLP ( Joint Broker )	[phone]
Jeff Keating, Harry Davies-Ball
Luther Pendragon (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 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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