Five Directors Buy 1.89% Stake in Cornerstone amidst Revenue Boost

Five Directors of Cornerstone FS PLC, a global cloud-based provider
payment

payment

One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common

One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
read this term and currency crisis management

crisis management

Risk management, one of the most common terms used by brokers, refers to how to proactively identify potential risks. Most commonly, this also includes analyzing risks and implementing preventive measures to mitigate and prevent such risks. Such efforts are essential for brokers and venues in the financial industry. crisis. Given the more highly regulated environment in nearly all asset classes,

Risk management, one of the most common terms used by brokers, refers to how to proactively identify potential risks. Most commonly, this also includes analyzing risks and implementing preventive measures to mitigate and prevent such risks. Such efforts are essential for brokers and venues in the financial industry. crisis. Given the more highly regulated environment in nearly all asset classes,
read this term Services holds a total stake of 1.89% in the company through the London Stock Exchange (LSE). The deal was sealed on January 20th.

According to a press statement shared with financial kingthe five directors are Gareth Edwards (Non-Executive Chairman), James Hickman (Chief Executive Officer), Judy Happe (Chief Financial Officer), John Barnes (Non-Executive Director) and Simon Block (Non-Executive Director). am.

Each of these directors purchased shares representing the following percentages of total voting rights: 1.49%, 0.14%, 0.05%, 0.01% and 0.20%. In total, they acquired a total of 223,500 common shares in Cornerstone’s capital, the statement said.

Watch this recent FMLS22 session on the trends shaping payment processing in 2023.

The development comes just weeks after Cornerstone said it expects revenue to surge 109% to 4.8m in the 2022 financial year. financial king
reported that this exceeded market expectations by 12%. Likewise, the company said he saw half-year earnings jump 127% year-over-year in 2022.

Hickman, who took over as CEO last August, has previously said that expected revenue growth will see cuts across all areas of the company’s business.

corner stone hospitalized will list on the London Stock Exchange’s Alternative Investment Market in April 2021 and has taken a number of steps to strengthen its business in recent months.

Last December, the company agreed to raise cash by selling e-money institution Avila House to Aspire Commerce for 300,000. The transaction is expected to close during the first quarter of this year. The deal comes less than a year after FXPress, the company’s main operating subsidiary, was granted an Authorized Electronic Money Institution (AEMI) license by the UK’s Financial Conduct Authority.

Additionally, in September, Cornerstone acquired Pangea FX Limited, a specialist FX and financial consulting firm. Hickman explained that the move will help drive growth for the company.

Five Directors of Cornerstone FS PLC, a global cloud-based provider
payment

payment

One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common

One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
read this term and currency crisis management

crisis management

Risk management, one of the most common terms used by brokers, refers to how to proactively identify potential risks. Most commonly, this also includes analyzing risks and implementing preventive measures to mitigate and prevent such risks. Such efforts are essential for brokers and venues in the financial industry. crisis. Given the more highly regulated environment in nearly all asset classes,

Risk management, one of the most common terms used by brokers, refers to how to proactively identify potential risks. Most commonly, this also includes analyzing risks and implementing preventive measures to mitigate and prevent such risks. Such efforts are essential for brokers and venues in the financial industry. crisis. Given the more highly regulated environment in nearly all asset classes,
read this term Services holds a total stake of 1.89% in the company through the London Stock Exchange (LSE). The deal was sealed on January 20th.

According to a press statement shared with financial kingthe five directors are Gareth Edwards (Non-Executive Chairman), James Hickman (Chief Executive Officer), Judy Happe (Chief Financial Officer), John Barnes (Non-Executive Director) and Simon Block (Non-Executive Director). am.

Each of these directors purchased shares representing the following percentages of total voting rights: 1.49%, 0.14%, 0.05%, 0.01% and 0.20%. In total, they acquired a total of 223,500 common shares in Cornerstone’s capital, the statement said.

Watch this recent FMLS22 session on the trends shaping payment processing in 2023.

The development comes just weeks after Cornerstone said it expects revenue to surge 109% to 4.8m in the 2022 financial year. financial king
reported that this exceeded market expectations by 12%. Likewise, the company said he saw half-year earnings jump 127% year-over-year in 2022.

Hickman, who took over as CEO last August, has previously said that expected revenue increases will see cuts across all areas of the company’s business.

corner stone hospitalized will list on the London Stock Exchange’s Alternative Investment Market in April 2021 and has taken a number of steps to strengthen its business in recent months.

Last December, the company agreed to raise cash by selling e-money institution Avila House to Aspire Commerce for 300,000. The transaction is expected to close during the first quarter of this year. The deal comes less than a year after FXPress, the company’s main operating subsidiary, was granted an Authorized Electronic Money Institution (AEMI) license by the UK’s Financial Conduct Authority.

Additionally, in September, Cornerstone acquired Pangea FX Limited, a specialist FX and financial consulting firm. Hickman explained that the move will help drive growth for the company.