23 January 2023
Cornerstone FS Plc ("Cornerstone" or "the Company")
Director/PDMR Shareholdings
Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that five Directors of Cornerstone informed the Company on Friday 20 January 2023 that they had purchased a total of 223,500 Ordinary Shares in the capital of the Company, on 20 January 2023, in the amounts and at the prices set out in the table below. In addition, their resultant shareholdings and percentage holdings of the Company's total voting rights, are also disclosed below.
| Director | Number of Ordinary Shares purchased | Price per Ordinary Share (pence) | Resultant Shareholdings | Percentage of Total Voting Rights |
| Gareth Edwards | 56,500 | 8.845p | 725,846 | 1.49% |
| James Hickman | 55,000 | 8.924p | 69,410 | 0.14% |
| Judy Happe | 6,000 | 8.825p | 25,516 | 0.05% |
| John Burns | 6,000 | 8.825p | 6,000 | 0.01% |
| Simon Bullock | 100,000 | 8.825p | 100,000 | 0.20% |
The notifications 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 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 transaction | Purchase of Ordinary Shares |
| d) | Price(s) and volume(s) | Purchase Price: 8.845 pence per Ordinary Share Volume: 56,500 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 20 January 2023 |
| f) | Place of the transaction | London Stock Exchange |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | James Hickman |
| 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 transaction | Purchase of Ordinary Shares |
| d) | Price(s) and volume(s) | Purchase Price: 8.924 pence per Ordinary Share Volume: 55,000 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 20 January 2023 |
| f) | Place of the transaction | London Stock Exchange |
| 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 transaction | Purchase of Ordinary Shares |
| d) | Price(s) and volume(s) | Purchase Price: 8.825 pence per Ordinary Share Volume: 6,000 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 20 January 2023 |
| f) | Place of the transaction | London Stock Exchange |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | John Burns |
| 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) | Purchase Price: 8.825 pence per Ordinary Share Volume: 6,000 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 20 January 2023 |
| f) | Place of the transaction | London Stock Exchange |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Simon Bullock |
| 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) | Purchase Price: 8.825 pence per Ordinary Share Volume: 100,000 Ordinary Shares |
| e) | Aggregated information - Aggregated volume - Price | As for d) above |
| f) | Date of the transaction | 20 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.
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