Business
Grant of Options, PDMR Dealings
Grant of Options, PDMR Dealings.
About this update from Finseta Plc
[{"type":"text","content":"\n\n25 October 2024\n \nFinseta plc\n(\"Finseta\", \"the Company\" or \"the Group\")\n \nGrant of Options, PDMR Dealings\n \nFinseta (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:\n \n\n\n\n\nName\n\n\nRole\n\n\nNumber of Options Granted\n\n\n\n\nDeclan Jones\n\n\nHead of Product\n\n\n130,000\n\n\n\n\nCameron Hutchinson\n\n\nCountry Head, Canada\n\n\n100,000\n\n\n\n\n \nThe 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.\n \nFollowing 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.\n \nEnquiries \n \n\n\n\n\nFinseta plc \n\n\n+44 (0)203 971 4865\n\n\n\n\nJames Hickman, Chief Executive Officer \nJudy Happe, Chief Financial Officer \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShore Capital (Nominated Adviser and Broker) \n\n\n+44 (0)207 408 4090\n\n\n\n\nDaniel Bush, Tom Knibbs (Corporate Advisory)\nGuy Wiehahn (Corporate Broking)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGracechurch Group (Financial PR) \n\n\n+44 (0)204 582 3500 \n\n\n\n\nHarry Chathli, Claire Norbury, Henry Gamble\n\n\n\n\n\n\n\n \nAbout Finseta plc\n \nFinseta 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 proprieta...