TIDMSCE

RNS Number : 8666R

Surface Transforms PLC

10 November 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

PDMR Share dealing

Surface Transforms (AIM: SCE) announces that the Company was notified on 09 November 2021 that Kerry Wood, who is a PDMR, has purchased a total of 18,321 ordinary shares of 1p each in the Company ("Ordinary Shares"). Following this purchase Kerry is beneficially interested in 395,921 Ordinary Shares.

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 Joint         +44 203 829 
  Broker)                                                   5000 
                                                          ------------ 
 David Foreman / Dan Bate / Jordan Warburton (Corporate 
  Finance) 
  Dominic King (Corporate Broking) 
                                                          ------------ 
 
                                                           +44 207 220 
 finnCap Ltd (Joint Broker)                                 0500 
                                                          ------------ 
 Ed Frisby / Abigail Kelly (Corporate Finance) 
  Richard Chambers / Barney Hayward (ECM) 
                                                          ------------ 
 
 

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                                  Mrs 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 
     ------------------------------------  ----------------------------------------------------- 
      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                         Purchase of shares 
       transaction 
     ------------------------------------  ----------------------------------------------------- 
 c.       Price(s) and volume(s)             Price(s)   Volume(s) 
            *    Transaction 1 (Purchase)     54.5p      18,321 
                                                        ---------- 
     ------------------------------------  ----------------------------------------------------- 
 d.              Aggregated information      Price(s)   Aggregated volume(s)   Aggregated Total 
                   *    Transaction 1         54.5 p     18,321                 GBP9,984.945 
                                                        ---------------------  ----------------- 
 
                  (purchase) 
     ------------------------------------  ----------------------------------------------------- 
 e.   Date of the transaction               09/11/2021 
     ------------------------------------  ----------------------------------------------------- 
 f.   Place of the transaction              London Stock Exchange 
     ------------------------------------  ----------------------------------------------------- 
 

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END

DSHFFFILLLLAIIL

(END) Dow Jones Newswires

November 10, 2021 02:00 ET (07:00 GMT)

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