Finseta PLC Grant of Options, PDMR Dealings
October 25 2024 - 1:00AM
RNS Regulatory News
RNS Number : 5685J
Finseta PLC
25 October 2024
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:
|
Name
|
Role
|
Number of Options Granted
|
|
Declan Jones
|
Head of Product
|
130,000
|
|
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
|
Finseta plc
|
+44 (0)203
971 4865
|
|
James Hickman, Chief Executive
Officer
Judy Happe, Chief Financial
Officer
|
|
|
|
|
|
Shore Capital (Nominated Adviser
and Broker)
|
+44 (0)207
408 4090
|
|
Daniel Bush, Tom Knibbs (Corporate
Advisory)
Guy Wiehahn (Corporate Broking)
|
|
|
|
|
|
Gracechurch Group (Financial
PR)
|
+44 (0)204
582 3500
|
|
Harry Chathli, Claire Norbury, Henry
Gamble
|
|
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.
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Declan Jones
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Head of Product
|
|
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
|
Options over ordinary shares of 1 penny
each
|
|
|
|
|
Identification code
|
GB00BNG7CD28
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
37 pence
|
130,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Cameron Hutchinson
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Country Head, Canada
|
|
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
|
Options over ordinary shares of 1 penny
each
|
|
|
|
|
Identification code
|
GB00BNG7CD28
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
37 pence
|
100,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Off market
|
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