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 | +44 (0)203 971 4865 |
| James Hickman, Chief Executive Officer Judy Happe, Chief Financial Officer | |
| | |
| SPARK Advisory Partners Limited (Nomad) | +44 (0)203 368 3550 |
| Mark Brady, Adam Dawes | |
| | |
| SP Angel Corporate Finance LLP (Broker) | +44 (0)203 470 0470 |
| Jeff Keating, Harry Davies-Ball | |
| | |
| Gracechurch Group (Financial PR) | +44 (0)204 582 3500 |
| 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.