Grant of Options, PDMR Dealings

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	[phone]
James Hickman, Chief Executive Officer  Judy Happe, Chief Financial Officer
Shore Capital (Nominated Adviser and Broker)	[phone]
Daniel Bush, Tom Knibbs (Corporate Advisory) Guy Wiehahn (Corporate Broking)
Gracechurch Group (Financial PR)	[phone]
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

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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