Purchase of Shares by a Director

RNS Number : 9492E

Cornerstone FS PLC

16 March 2022

 

16 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, notified the Company yesterday that he had purchased 81,967 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 18p per Ordinary Share on 15 March 2022.

Following this purchase, he now holds 471,688 Ordinary Shares representing approximately 2.00% 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: 18 pence per share Volume: 81,967 shares
e)	Aggregated information -  Aggregated volume -  Price	As for d) above
f)	Date of the transaction	15 March 2022
f)	Place of the transaction	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
SP Angel Corporate Finance LLP ( 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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