Surface Transforms PLC Director Dealing (5803G)
20 Julio 2023 - 1:00AM
UK Regulatory
TIDMSCE
RNS Number : 5803G
Surface Transforms PLC
20 July 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
Director Dealing
Surface Transforms plc (AIM:SCE) is pleased to announce that the
Company was notified on 19 July 2023 that all of the Company's
non-executive directors, David Bundred (Chairman), Ian Cleminson,
Julia Woodhouse and Matthew Taylor (together the "Non-Executive
Directors") purchased, in aggregate, 930,608 ordinary shares of 1p
each in the Company ("Ordinary Shares"), at an average price of
32.224p, totalling GBP300,000.
Following the above transactions, the Non-Executive Directors
holdings are as follows:
Name Ordinary Shares Total number % of voting
acquired of Ordinary Shares rights
held
David Bundred 155,101 1,552,626 0.64%
---------------- -------------------- ------------
Ian Cleminson 155,101 319,654 0.13%
---------------- -------------------- ------------
Julia Woodhouse 310,203 435,203 0.18%
---------------- -------------------- ------------
Matthew Taylor 310,203 740,203 0.31%
---------------- -------------------- ------------
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 1. David Bundred
2. Ian Cleminson
3. Julia Woodhouse
4. Matthew Taylor
------------------------------------------------------------------------
2 Reason for notification
a. Position/Status 1. Non-Executive Chairman
2. Non-Executive Director
3. Non-Executive Director
4. Non-Executive Director
---------------------- ------------------------------------------------------------------------
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 Purchase of 930,608 ordinary shares of 1p each
the transaction in the Company ("Ordinary Shares")
---------------------- ------------------------------------------------------------------------
c. Price(s) and Transaction Price(s) Volume(s)
volume(s) 1. David Bundred
(i) Purchase on (i) 30.9783p (i) 71,875
14 July 2023
(ii) Purchase on (ii) 33.3238p (ii) 83,226
19 July 2023
--------------- --------------
2. Ian Cleminson
(i) Purchase on (i) 30.9783p (i) 71,875
14 July 2023
(ii) Purchase on (ii) 33.3238p (ii) 83,226
19 July 2023
--------------- --------------
3. Julia Woodhouse
(i) Purchase on (i) 30.9783p (i) 143,750
14 July 2023
(ii) Purchase on (ii) 33.3238p (ii) 310,203
19 July 2023
--------------- --------------
4. Matthew Taylor
(i) Purchase on (i) 30.9783p (i) 143,750
14 July 2023
(ii) Purchase on (ii) 33.3238p (ii) 310,203
19 July 2023
--------------- --------------
---------------------- ------------------------------------------------------------------------
d. Aggregated Transaction Price(s) Aggregated Aggregated
information volume(s) Total
(i) Purchase on (i) 30.9783p (i) 431,250 (i) GBP133,594
14 July 2023
(ii) Purchase on (ii) 33.3238p (ii) 499,358 (ii) GBP166,405
19 July 2023
--------------- -------------- -----------------
---------------------- ------------------------------------------------------------------------
e. Date of the 14/07/23 and 19/07/2023
transactions
---------------------- ------------------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
---------------------- ------------------------------------------------------------------------
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END
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