Issue of Equity and Total Voting Rights

RNS Number : 8804H

Cornerstone FS PLC

11 April 2022

 

11 April 2022

Cornerstone FS plc

("Cornerstone" or "the Company")

Issue of Equity and Total Voting Rights

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that that on 8 April 2022, the Company allotted and issued 123,000 new ordinary shares of 1 penny each in the Company ("New Shares") at a price of 26.5 pence per New Share. The New Shares have been issued and allotted to the recipient as consideration for investor relations services.

Application will be made for the admission of the 123,000 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around Tuesday 19 April 2022.  On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Following admission of the New Shares, the total issued share capital of the Company will consist of 23,683,616 ordinary shares. As such the total number of voting rights in the Company will be 23,683,616 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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Further information please contact:

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 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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