Surface Transforms PLC Michael Cunningham purchase of shares (9232V)
16 Diciembre 2021 - 6:34AM
UK Regulatory
TIDMSCE
RNS Number : 9232V
Surface Transforms PLC
16 December 2021
Surface Transforms plc
("Surface Transforms" or the "Company")
Director dealing
Surface Transforms (AIM: SCE) announces that the Company was
notified on 16 December 2021 that Michael Cunningham, Financial
Director of the Company, has purchased a total of 20,000 ordinary
shares of 1p each in the Company ("Ordinary Shares"). Following
this purchase Michael is beneficially interested in 170,000
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 +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/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 Mr Michael Cunningham
-----------------------------------------------------
2 Reason for notification
------------------------------------ -----------------------------------------------------
a. Position/Status 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
------------------------------------ -----------------------------------------------------
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) 56.7p 20,000
----------
------------------------------------ -----------------------------------------------------
d. Aggregated information Price(s) Aggregated volume(s) Aggregated Total
* Transaction 1 56.7p 20,000 GBP11,340.00
--------------------- -----------------
(purchase)
------------------------------------ -----------------------------------------------------
e. Date of the transaction 06/12/2021
------------------------------------ -----------------------------------------------------
f. Place of the transaction London Stock Exchange
------------------------------------ -----------------------------------------------------
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END
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(END) Dow Jones Newswires
December 16, 2021 07:34 ET (12:34 GMT)
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