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On 1 February 2022, Cornerstone FS Plc announced the admission to trading of 3,196,242 Placing shares, following which the Company's total voting rights comprise 23,473,824 ordinary shares. An application has also been made for 86,792 Subscription shares, purchased by certain directors at 26.5 pence per share, to be admitted around 7 February 2022. Following the admission of these Subscription shares, the total number of voting rights in the Company will be 23,560,616.
| Date | 1 Feb 2022 |
| Time | 16:09:04 |
| Category | Capital structure |
| ID | 3722A |
1 February 2022
Cornerstone FS Plc ("Cornerstone" or "the Company")
Admission of Placing Shares and Total Voting Rights
Further to the Company's announcements dated 26 and 27 January 2022 in relation to the Company's acquisition of Capital Currencies Limited, Placing with new shareholders and Subscription by certain directors of New Ordinary Shares at a price of 26.5 pence per share, the Company announces that the 3,196,242 Placing shares were admitted to trading today. Following Admission the Company's issued share capital comprises 23,473,824 ordinary shares, with no shares held in treasury, and therefore the total number of voting rights in the Company is 23,473,824.
Application has also been made for the 86,792 Subscription shares to be Admitted to trading on AIM ("Admission of the Subscription shares") and Admission of the Subscription shares is expected to take place on or around 7th February 2022. Following Admission of the Subscription shares, the Company's issued share capital will comprise 23,560,616 ordinary shares, with no shares held in treasury, and therefore the total number of voting rights in the Company will be 23,560,616.
The total voting rights figures above 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
~ENDS~
Enquiries
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Cornerstone FS plc |
+44 (0)203 971 4865 |
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Julian Wheatland, Chief Executive Officer Judy Happe, Chief Financial Officer |
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SPARK Advisory Partners Limited (Nomad) |
+44 (0)203 368 3550 |
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Mark Brady |
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Peterhouse Capital Limited (Joint Broker) |
+44 (0)207 469 0930 |
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Eran Zucker, Lucy Williams |
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SP Angel Corporate Finance LLP (Joint Broker) |
+44 (0)203 470 0470 |
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Jeff Keating, Harry Davies-Ball |
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Luther Pendragon (Financial PR) |
+44 (0)207 618 9100 |
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Harry Chathli, Claire Norbury |
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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 SMEs that engage in international trade. Cornerstone also serves some high-net worth individual clients.
Headquartered in the City of London, UK and with an office in Dubai, Cornerstone is listed on AIM under the trading symbol 'CSFS'. For more information, please visit www.cornerstonefs.com.