TIDMSCE

RNS Number : 3683W

Surface Transforms PLC

22 April 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 22 April 2021 that Group 14 Ltd, a company wholly owned by Richard Gledhill, a non-executive director of the Company, and his wife, Lorraine Gledhill, sold 400,000 ordinary shares of 1p each in the Company ("Ordinary Shares"). These shares were then purchased by Richard and Lorraine into their respective SIPP's and ISA's.

Specifically, on 22 April 2021, Group 14 Ltd, sold 400,000 Ordinary Shares at a price of 68.5p per Ordinary Share and on the same date Richard Gledhill repurchased an aggregate of 245,000 Ordinary Shares at the same price, split 160,000 and 85,000 into his SIPP and ISA fund respectively. On 22 April 2021, Richard's wife Lorraine Gledhill repurchased an aggregate of 155,000 Ordinary Shares also at 68.5p per Ordinary Share split 115,000 and 40,000 between her SIPP and ISA fund respectively.

Following the above transactions, Mr Gledhill's beneficial interest is unchanged at 15,013,346 Ordinary Shares, representing 7.7% of the voting capital of the Company.

For Enquiries please contact

 
                                    +44 151 356 
     Surface Transforms plc.               2141 
     David Bundred, Chairman 
     Kevin Johnson, CEO 
     Michael Cunningham CFO 
 
 
     Zeus Capital Limited (Nominated Advisor and        +44 203 829 
      Joint Broker)                                            5000 
     David Foreman / Dan Bate / Jordan Warburton 
      (Corporate Finance) 
     Dominic King (Corporate Broking) 
 
 
                                                        +44 20 7220 
     finnCap Ltd (Joint Broker)                                0500 
     Ed Frisby / Giles Rolls (Corporate Finance) 
     Richard Chambers (ECM) 
 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

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                                          Richard Gledhill 
                                                       --------------------------------------------------------------- 
     2        Reason for notification 
         --------------------------------------------  --------------------------------------------------------------- 
     a.       Position/Status                               PDMR 
                                                             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 of                                Ordinary Shares of 1p each 
               the financial 
               instrument, type 
               of instrument                                 ISIN: GB0002892528 
 
               Identification 
               Code 
         --------------------------------------------  --------------------------------------------------------------- 
     b.       Nature of the                                 Sale of 400,000 ordinary shares of 1p each 
               transaction                                   in the Company ("Ordinary Shares) where 400,000 
                                                             Ordinary Shares were sold by Group 14 Ltd 
                                                             a Company wholly owned by Richard Gledhill 
                                                             and his wife, with 245,000 repurchased by 
                                                             Richard Gledhill through his SIPP and ISA, 
                                                             and 155,000 Ordinary Shares by Richard's 
                                                             wife's SIPP and ISA. 
         --------------------------------------------  --------------------------------------------------------------- 
     c.                   Price(s) and volume(s)                 Price(s)       Volume(s) 
                                                                  68.5p          400,000 
                            *    Transaction 1 (sale)                       -------------- 
                                                                  68.5p          245,000 
                                                                            -------------- 
                                                                  68.5p          155,000 
                            *    Transaction 2                              -------------- 
 
 
                           (purchase - Richard 
                           Gledhill's SIPP 
                           and ISA) 
 
                            *    Transaction 3 
 
 
                           (Purchase - Lorraine 
                           Gledhill's SIPP 
                           and ISA) 
         --------------------------------------------  --------------------------------------------------------------- 
     d.            Aggregated information                        Price(s)       Aggregated volume(s)       Aggregated 
                                                                                                             Total 
                     *    Transaction 1 (sale)                    68.5p          400,000                    GBP274,000 
                                                                            -------------------------  --------------- 
                                                                  68.5p          245,000                    GBP167,825 
                                                                            -------------------------  --------------- 
                     *    Transaction 2                           68.5p          155,000                    GBP106,175 
                                                                            -------------------------  --------------- 
 
                    (purchase - Richard 
                    Gledhill's SIPP 
                    and ISA) 
 
                    Transaction 3 
                    (Lorraine Gledhill's 
                    SIPP and ISA) 
         --------------------------------------------  --------------------------------------------------------------- 
     e.       Date of the transaction                       22/04/2021 
         --------------------------------------------  --------------------------------------------------------------- 
     f.       Place of the transaction                      London Stock Exchange 
         --------------------------------------------  --------------------------------------------------------------- 
 

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END

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(END) Dow Jones Newswires

April 22, 2021 12:33 ET (16:33 GMT)

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