23 February 2024
Cornerstone FS plc
("Cornerstone" or "the Company" or "the Group")
Grant of Options, PDMR Dealings
Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that on 22 February 2024 (the "Grant Date") the Company granted a total of 470,000 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 |
| Nicholas Wilson | Head of Card Programme | 220,000 |
| Henry Hatton | Sales Director | 200,000 |
The Options, which were granted under the Company's Enterprise Management Incentive Scheme, vest in three equal tranches on the first, second and third anniversaries of the Grant Date and are exercisable at a price of 31.8 pence per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 21 February 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 5,327,736 Ordinary Shares, representing approximately 9.3% of the Company's current issued ordinary share capital.
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 | |
| | |
| Shore Capital (Broker) | +44 (0)207 408 4090 |
| Daniel Bush, Tom Knibbs (Corporate Advisory) Guy Wiehahn (Corporate Broking) | |
| | |
| Gracechurch Group (Financial PR) | +44 (0)204 582 3500 |
| Harry Chathli, Claire Norbury | |
About Cornerstone FS plc
Cornerstone FS plc (AIM: CSFS) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Cornerstone combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 150 countries in 58 currencies. With a track record of over 12 years, Cornerstone has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated by the Financial Conduct Authority as an Electronic Money Institution through its wholly owned subsidiary company Cornerstone Payment Solutions Limited.?www.cornerstonefs.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
| Nicholas Wilson | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Head of Card Programme | |||
| 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
| 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) | | |
| | | 31.8 pence | 220,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | N/A | ||||
| | | ||||
| e)
| Date of the transaction
| 22 February 2024 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a)
| Name
| Henry Hatton | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Sales 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
| 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) | | |
| | | 31.8 pence | 200,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | N/A | ||||
| | | ||||
| e)
| Date of the transaction
| 22 February 2024 | |||
| f)
| Place of the transaction
| Off market | |||
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