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LONDON - Finseta plc (AIM: FIN), a foreign exchange and payments solutions company, disclosed on Tuesday that several of its directors have purchased shares in the firm. The transactions occurred on the London Stock Exchange (LON:LSEG)’s AIM market.
James Hickman, the Chief Executive Officer of Finseta, acquired 59,714 ordinary shares at a price of 33.47 pence each, elevating his total holdings to 203,773 shares, which represents 0.35% of the company’s total voting rights. Chief Financial Officer Judy Happe purchased 10,000 shares at 33.50 pence per share, taking her stake to 35,516 shares or 0.06% of the voting rights. Additionally, Non-executive Director Simon Bullock bought 25,000 shares at the same price of 33.50 pence, increasing his holding to 150,000 shares, which corresponds to 0.26% of the voting rights.
The company, which is regulated by various financial authorities including the Financial Conduct Authority in the UK, provides multi-currency accounts and payment services to businesses and individuals, supporting transactions in over 165 countries and 140 currencies.
This announcement, made in line with the EU Market Abuse Regulation as it applies in the UK, provides transparency regarding the financial dealings of persons in managerial positions within the company. The disclosure aims to maintain market integrity by informing the public and investors about the trading activities of insiders who may possess access to material non-public information.
The purchases by the directors come as Finseta continues to expand its global partner network and leverage its proprietary technology platform to facilitate complex cross-border payments for its clients.
The information for this report is based on a press release statement from Finseta plc.
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