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Finseta plc announced on 25 October 2024 that it granted a total of 260,000 options over its ordinary shares to certain employees on 24 October 2024. This included 130,000 options to Declan Jones and 100,000 options to Cameron Hutchinson, both PDMRs, with an exercise price of 37 pence per share. Following this grant, Finseta plc has 5,347,736 options outstanding, representing approximately 9.3% of its current issued ordinary share capital.
| Date | 25 Oct 2024 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 5685J |
25 October 2024
Finseta plc
("Finseta", "the Company" or "the Group")
Grant of Options, PDMR Dealings
Finseta (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that on 24 October 2024 (the "Grant Date") the Company granted a total of 260,000 options (the "Options") over ordinary shares of 1 penny each in the Company ("Ordinary Shares") to certain employees, including two PDMRs of the Company as follows:
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Name |
Role |
Number of Options Granted |
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Declan Jones |
Head of Product |
130,000 |
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Cameron Hutchinson |
Country Head, Canada |
100,000 |
The Options vest in three equal tranches on the first, second and third anniversaries of the Grant Date and are exercisable at a price of 37 pence per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 23 October 2024, being the day prior to the Grant Date. The vesting of the Options is subject to the individual remaining an employee of the Company. Leavers may exercise vested Options within 90 days of cessation of employment. All Options expire five years after the Grant Date.
Following the grant of the Options, the Company has options outstanding over a total of 5,347,736 Ordinary Shares, representing approximately 9.3% of the Company's current issued ordinary share capital.
Enquiries
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Finseta plc |
+44 (0)203 971 4865 |
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James Hickman, Chief Executive Officer Judy Happe, Chief Financial Officer |
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Shore Capital (Nominated Adviser and Broker) |
+44 (0)207 408 4090 |
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Daniel Bush, Tom Knibbs (Corporate Advisory) Guy Wiehahn (Corporate Broking) |
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Gracechurch Group (Financial PR) |
+44 (0)204 582 3500 |
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Harry Chathli, Claire Norbury, Henry Gamble |
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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 140 currencies. With a track record of over 12 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 and by the Financial Transactions and Reports Analysis Centre of Canada as a Money Services Business. www.finseta.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Declan Jones |
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2
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Reason for the notification
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a)
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Position/status
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Head of Product |
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b)
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Initial notification/amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Finseta plc |
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b)
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LEI
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213800O4IL2RXZ2BZ956 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Options over ordinary shares of 1 penny each |
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Identification code |
GB00BNG7CD28 |
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b)
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Nature of the transaction
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Grant of options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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37 pence |
130,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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24 October 2024 |
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f)
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Place of the transaction
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Off market |
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Cameron Hutchinson |
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2
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Reason for the notification
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a)
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Position/status
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Country Head, Canada |
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b)
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Initial notification/amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Finseta plc |
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b)
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LEI
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213800O4IL2RXZ2BZ956 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Options over ordinary shares of 1 penny each |
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Identification code |
GB00BNG7CD28 |
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b)
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Nature of the transaction
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Grant of options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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37 pence |
100,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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24 October 2024 |
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f)
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Place of the transaction
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Off market |
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