Surface Transforms PLC PDMR Dealing (3186D)
20 Junio 2023 - 5:38AM
UK Regulatory
TIDMSCE
RNS Number : 3186D
Surface Transforms PLC
20 June 2023
20 June 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
PDMR Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was
notified on 19 June 2023 that Kerry Wood, a PDMR, and her husband,
Joel Wood, in aggregate sold 125,097 ordinary shares of 1p each in
the Company ("Ordinary Shares") and repurchased 124,896 Ordinary
Shares, in order to place the shares within their respective
ISA's.
Specifically, on 16 June 2023, Kerry Wood sold 125,097 Ordinary
Shares at a price of 32.0p per Ordinary Share and on the same date
repurchased 62,448 Ordinary Shares at a price of 32.025p per
Ordinary Share into her ISA fund. On 16 June 2023 her husband
purchased 62,448 shares at a price of 32.025p into his ISA
fund.
Following the above transactions, Mrs Wood remains beneficially
interested in 543,939 Ordinary Shares representing 0.23% of the
total voting rights of the Company.
- Ends -
For Enquiries please contact
Surface Transforms plc
David Bundred, Chairman +44 151 356
Kevin Johnson, CEO 2141
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment
Banking) +44 203 829
Dominic King (Corporate Broking) 5000
finnCap Limited (Joint Broker)
Ed Frisby / Abigail Kelly (Corporate Finance) +44 207 220
Andrew Burdis / Barney Hayward (ECM) 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 Kerry Wood
----------------------------------------------------------
2 Reason for
notification
----------------------- ----------------------------------------------------------
a. Position/Status PDMR
----------------------- ----------------------------------------------------------
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 Ordinary Shares of 1p each
of the financial
instrument,
type of instrument ISIN: GB0002892528
Identification
Code
----------------------- ----------------------------------------------------------
b. Nature of the Sale of 125,097 ordinary shares of 1p each
transaction in the Company ("Ordinary Shares") where
62,448 Ordinary Shares were immediately
repurchased by Kerry Wood through a Bed
and ISA arrangement, and 62,448 Ordinary
immediately purchased by her husband..
----------------------- ----------------------------------------------------------
c. Price(s) and Transaction Price(s) Volume(s)
volume(s) 1. Kerry Wood sale 32.0p 125,097
--------- ----------
2. Kerry Wood repurchase 32.025p 62,448
--------- ----------
4. Joel Wood purchase 32.025p 62,448
--------- ----------
----------------------- ----------------------------------------------------------
d. Aggregated information Transaction Price(s) Aggregated Aggregated Total
volume(s)
Sale 32.00p 125,097 GBP40,031.04
--------- ----------- -----------------
Purchase 32.025p 124,896 GBP39,997.94
--------- ----------- -----------------
----------------------- ----------------------------------------------------------
e. Date of the 16/06/2023
transaction
----------------------- ----------------------------------------------------------
f. Place of the London Stock Exchange
transaction
----------------------- ----------------------------------------------------------
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END
DSHFMMMTMTJTBRJ
(END) Dow Jones Newswires
June 20, 2023 06:38 ET (10:38 GMT)
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