Surface Transforms PLC Director Dealing (5028Y)
05 Mayo 2023 - 1:00AM
UK Regulatory
TIDMSCE
RNS Number : 5028Y
Surface Transforms PLC
05 May 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
Director Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was
notified on 4 May 2023 that David Bundred, Chairman of the Company,
and his wife sold and repurchased in aggregate 117,294 ordinary
shares of 1p each in the Company ("Ordinary Shares") in order to
place the shares within their respective ISA's.
Specifically, on 3 May 2023, David Bundred sold 58,647 Ordinary
Shares at a price of 34.0p per Ordinary Share and on the same date
repurchased 58,647 Ordinary Shares at a price of 34.08p per
Ordinary Share into his ISA fund. On 3 May 2023 his wife Stella
Bundred sold 58,647 Ordinary Shares at a price of 34.0p per
Ordinary Share and on the same date re purchased 58,647 shares at a
price of 34.08p into her ISA fund.
Following the above transactions, Mr Bundred remains
beneficially interested in 1,397,525 Ordinary Shares representing
0.6% of the total voting rights of the Company.
- Ends -
For Enquiries please contact
Surface Transforms plc
David Bundred, Chairman
Kevin Johnson, CEO +44 151 356 2141
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment
Banking)
Dominic King (Corporate Broking) +44 203 829 5000
---------------------
finnCap Limited (Joint Broker)
Ed Frisby / Abigail Kelly (Corporate Finance)
Andrew Burdis / Barney Hayward (ECM) +44 207 220 0500
---------------------
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develop and produce
carbon--ceramic material automotive brake discs. The Company is the
UK's only manufacturer of carbon--ceramic brake discs, and only one
of two mainstream carbon ceramic brake disc companies in the world,
serving customers that include major OEMs in the global automotive
markets.
The Company utilises its proprietary next generation Carbon
Ceramic Technology to create lightweight brake discs for
high--performance road and track applications for both internal
combustion engine and electric vehicles. While competitor
carbon--ceramic brake discs use discontinuous chopped carbon fibre,
Surface Transforms interweaves continuous carbon fibre to form a 3D
matrix, producing a stronger and more durable product with improved
heat conductivity compared to competitor products; this reduces the
brake system operating temperature, resulting in lighter and longer
life components with superior brake performance. These benefits are
in addition to the benefits of all carbon--ceramic brake discs vs.
iron brake discs: weight savings of up to 70%, longer product life,
consistent performance, reduced brake pad dust and corrosion
free.
For additional information please visit www.surfacetransforms.com
Notification and public disclosure of transactions by Persons
Discharging Managerial Responsibilities ("PDMR") and persons
closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------- -------------------------------------------------------------------------------------------------------------
a. Name David Bundred
------------------------------------------------------------------------------
2 Reason for notification
----------------------------- ------------------------------------------------------------------------------
a. Position/Status Chairman
----------------------------- ------------------------------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------- ------------------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------------
a. Name Surface Transforms plc
-----------------------------
b. LEI 213800GQHNJPE5O8XO79
----------------------------- ------------------------------------------------------------------------------
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 Ordinary Shares of 1p each
the financial
instrument, type
of instrument
ISIN: GB0002892528
Identification
Code
----------------------------- ------------------------------------------------------------------------------
b. Nature of the Sale of 58,647 ordinary shares of 1p each
transaction in the Company ("Ordinary Shares") where
58,647 Ordinary Shares were immediately repurchased
by David Bundred through a Bed and ISA arrangement,
and 58,647 Ordinary Shares were sold by his
wife and immediately re purchased by his
wife.
----------------------------- ------------------------------------------------------------------------------
c. Price(s) and Transaction Price(s) Volume(s)
volume(s) 1. David Bundred
sale 34.00p 58,647
------------- --------------
2. David Bundred
repurchase 34.08p 58,647
------------- --------------
3. Stella
Bundred sale 34.00p 58,647
------------- --------------
4. Stella
Bundred repurchase 34.08p 58,647
------------- --------------
----------------------------- ------------------------------------------------------------------------------
d. Aggregated Transaction Price(s) Aggregated Aggregated Total
information volume(s)
Sale 34.00p 117,294 GBP39,879.96
------------- --------------- ---------------------
Purchase 34.08p 117,294 GBP39,973.80
------------- --------------- ---------------------
----------------------------- ------------------------------------------------------------------------------
e. Date of the transaction 03/05/23
----------------------------- ------------------------------------------------------------------------------
f. Place of the transaction London Stock Exchange
----------------------------- ------------------------------------------------------------------------------
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END
DSHFZLLBXELBBBV
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May 05, 2023 02:00 ET (06:00 GMT)
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