Directorate Change

RNS Number : 9820J

Cornerstone FS PLC

03 May 2022

 

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

3 May 2022

Cornerstone FS plc

("Cornerstone" or the "Company" or the "Group")

Directorate Change

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that Glyn Barker, Non-Executive Director, has informed the Company of his intention to step down from the Board with effect from 3 May 2022. This stems from his desire to reduce the number of roles in his directorship portfolio.

Glyn will continue to offer support to the Company by joining its advisory panel, a much less time-consuming role than that of a Non-Executive Director

The search for a replacement has already commenced and a further announcement will be made as and when appropriate.

The Board would like to thank Glyn for his contribution over the last 18 months and wishes him well for the future.

Enquiries

Cornerstone FS plc	[phone]
Julian Wheatland, Chief Executive Officer Judy Happe, Chief Financial Officer
SPARK Advisory Partners Limited (Nomad)	[phone]
Mark Brady, Neil Baldwin
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 UK-based SMEs that engage in international trade. Cornerstone also serves some high-net worth individual clients.

Headquartered in the City of London with offices in Tunbridge Wells and Dubai, Cornerstone is admitted to trading on AIM under the trading symbol 'CSFS'. For more information, please visit www.cornerstonefs.com.

 

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