Director and PDMR Subscriptions

Summary by AI BETAClose X

Finseta plc announced a fundraising including a placing, subscription, and proposed retail offer, with Directors and Persons Discharging Managerial Responsibility (PDMRs) subscribing for a total of 1,129,701 ordinary shares at 8.5 pence each, amounting to £96,025. The Chairman, Gareth Edwards, subscribed for 115,000 shares for £9,775, the CEO, James Hickman, for 60,000 shares for £5,100, and the CFO, Andrew Richards, for 58,000 shares for £4,930, among others. These subscriptions are considered related party transactions, with independent directors deeming the terms fair and reasonable for shareholders.

Disclaimer*

Finseta PLC
14 April 2026
 

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) (THIS "ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

14 April 2026

Finseta plc

("Finseta", the "Company" or the "Group")

 

Director and PDMR Subscriptions

 

Finseta (AIM: FIN) announced today a fundraising comprising a placing, subscription and proposed retail offer, including a proposed subscription by Directors and PDMRs (the "Fundraising"). Terms defined in the announcement of the Fundraising (the "Fundraising Announcement") have the same meaning in this announcement.

 

Director and PDMR Subscriptions

 

The following directors and PDMRs have subscribed for the following Subscription Shares:

 

 

Director/PDMR 

 

Position

 

Amount (£) subscribed for

 

Number of Subscription Shares subscribed for

 

Total Ordinary Shares held on Admission

Gareth Edwards

Chairman

9,775

115,000

950,546

James Hickman

Chief Executive Officer

5,100

60,000

333,773

Andrew Richards

Chief Financial Officer

4,930

58,000

58,000

Simon Bullock

Non-Executive Director

4,250

50,000

250,000

Robert O'Brien

Chief Commercial Officer

71,970

846,701

11,299,333

Total

 

96,025

1,129,701


 

Related party transactions

 

The Director and PDMR subscriptions set out in the table above, which, in aggregate, amount to 1,129,701 Subscription Shares are each related party transactions pursuant to Rule 13 of the AIM Rules for Companies. The independent directors (being John Burns and William Newton) consider, having consulted with Shore Capital, the Company's nominated adviser, that the terms of the Director's and PDMR's subscriptions are fair and reasonable insofar as shareholders are concerned.

 

The person responsible for arranging the release of this Announcement on behalf of the Company is Andrew Richards, Chief Financial Officer of the Company.

 

 

Enquiries 

 

Finseta plc 

+44 (0)203 971 4865

James Hickman, Chief Executive Officer 

Andrew Richards, Chief Financial Officer

 




Shore Capital (Nominated Adviser, Joint Broker and Joint Bookrunner) 

+44 (0)207 408 4090

Daniel Bush, Tom Knibbs




Allenby Capital Limited (Joint Broker and Joint Bookrunner)

+44 (0)20 3328 5656

Nick Naylor, Vivek Bhardwaj (Corporate Finance)

Jos Pinnington (Sales and Corporate Broking)

 


 


Gracechurch Group (Financial PR) 

+44 (0)204 582 3500

Harry Chathli, Claire Norbury


 

About Finseta plc

 

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Finseta combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 165 countries in 150 currencies. With a track record of over 15 years, Finseta has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated, through its wholly-owned subsidiaries, by the Financial Conduct Authority as an Electronic Money Institution; by the Financial Transactions and Reports Analysis Centre of Canada as a Money Services Business; and by the Dubai Financial Services Authority under a Category 3D licence. www.finseta.com

 

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, provide further detail.

 

 1

 

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name

 

 


1)   Gareth Edwards

2)   James Hickman

3)   Andrew Richards

4)   Simon Bullock

5)   Robert O'Brien

2

 

 

Reason for the notification

 

a)

 

Position/status

 

 


1)   Chairman

2)   Chief Executive Officer

3)   Chief Financial Officer

4)   Non-Executive Director

5)   Chief Commercial Officer

b)

 

Initial notification/amendment

 

 


Initial Notification

3

 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 


Finseta 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


Ordinary shares of 1 penny each




Identification code


GB00BNG7CD28




b)

 

Nature of the transaction

 

 


Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)









Price(s)

Volume(s)




1)

8.5 pence

115,000




2)

8.5 pence

60,000




3)

8.5 pence

58,000




4)

8.5 pence

50,000




5)

8.5 pence

846,701








d)

 

Aggregated information






- Aggregated volume


N/A - single transaction




- Price






e)

 

Date of the transaction

 

 


14 April 2026

f)

 

Place of the transaction

 

 


London Stock Exchange, AIM

 

 

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Companies

Finseta PLC (FIN)
UK 100

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