Director and PDMR Subscriptions
Directors and PDMRs subscribe for 1.13 million shares at 8.5p per share in fundraising.
- Total shares subscribed by Directors/PDMRs 1,129,701
- Subscription price 8.5p per share
- Total amount subscribed £96,025
- Robert O'Brien subscription 846,701 shares (£71,970)
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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.
| 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 |
| a) | Name | Finseta plc |
| b) | LEI | 213800O4IL2RXZ2BZ956 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.