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 |
|||