20 March 2024
Cornerstone FS plc
("Cornerstone" or the "Company")
Proposed change of name to Finseta plc
Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce its intention to change the Company's name to Finseta plc.
In connection with the proposed change of name to Finseta plc, the Company's TIDM is expected to change to 'FIN'. The ISIN (GB00BNG7CD28) and SEDOL (BNG7CD2) of the Company's ordinary shares will remain unchanged. Shareholder documents of title will be unaffected by the proposed change of name and existing share certificates should be retained and remain valid. Any new share certificates issued after the name change becomes effective will bear the new name, Finseta plc.
The change of name is expected to take effect during April 2024 and a further announcement to confirm the timing of the change of the Company's name and TIDM will be made in due course.
James Hickman, CEO of Cornerstone, said: "As part of our strategic growth plan, we are excited to announce that Cornerstone FS is undergoing a renaming process. This decision is driven by our desire to better align our brand identity with our mission, values, and the comprehensive range of services we provide. Finseta has been chosen to differentiate us in the marketplace as we build upon our reputation as a client-focused leader."
For further information, please contact:
| Cornerstone FS plc James Hickman, Chief Executive Officer Judy Happe, Chief Financial Officer
| +44 (0)203 971 4865
|
| Shore Capital (Nominated Adviser and Broker) Daniel Bush / Tom Knibbs (Corporate Advisory) Guy Wiehahn (Corporate Broking)
| +44 (0)207 408 4090 |
| Gracechurch Group (Financial PR) Harry Chathli / Claire Norbury | +44 (0)204 582 3500 |
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
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