REG - Surface Transforms - Director Dealing

Surface TransformsAnnouncement

05/05/2023 07:00

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RNS Number : 5028Y  Surface Transforms PLC  05 May 2023

 

 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

Director Dealing

 

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 4
May 2023 that David Bundred, Chairman of the Company, and his wife sold and
repurchased in aggregate 117,294 ordinary shares of 1p each in the Company
("Ordinary Shares") in order to place the shares within their respective
ISA's.

 

Specifically, on 3 May 2023, David Bundred sold 58,647 Ordinary Shares at a
price of 34.0p per Ordinary Share and on the same date repurchased 58,647
Ordinary Shares at a price of 34.08p per Ordinary Share into his ISA fund. On
3 May 2023 his wife Stella Bundred sold 58,647 Ordinary Shares at a price of
34.0p per Ordinary Share and on the same date re purchased 58,647 shares at a
price of 34.08p into her ISA fund.

 

Following the above transactions, Mr Bundred remains beneficially interested
in 1,397,525 Ordinary Shares representing 0.6% of the total voting rights of
the Company.

 

- Ends -

 

For Enquiries please contact

 Surface Transforms plc                                       +44 151 356 2141

 David Bundred, Chairman

 Kevin Johnson, CEO
 Zeus (Nominated Adviser and Joint Broker)                    +44 203 829 5000

 David Foreman / Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)
 finnCap Limited (Joint Broker)                               +44 207 220 0500

 Ed Frisby / Abigail Kelly (Corporate Finance)

 Andrew Burdis / 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
(http://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                                                         David Bundred
 2   Reason for notification

 a.  Position/Status                                              Chairman
 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 the financial instrument, type of instrument  Ordinary Shares of 1p each

Identification Code                                         ISIN: GB0002892528
 b.  Nature of the transaction                                    Sale of 58,647 ordinary shares of 1p each in the Company ("Ordinary Shares")
                                                                  where 58,647 Ordinary Shares were immediately repurchased by David Bundred
                                                                  through a Bed and ISA arrangement, and 58,647 Ordinary Shares were sold by his
                                                                  wife and immediately re purchased by his wife.
 c.  Price(s) and volume(s)                                       Transaction                       Price(s)  Volume(s)

                                                            1.   David Bundred sale           34.00p    58,647
                                                                  2.   David Bundred repurchase     34.08p    58,647

                                                            3.   Stella Bundred sale          34.00p    58,647
                                                                  4.   Stella Bundred repurchase    34.08p    58,647

 d.  Aggregated information                                       Transaction  Price(s)  Aggregated volume(s)  Aggregated Total

                                                            Sale         34.00p    117,294               £39,879.96
                                                                  Purchase     34.08p    117,294               £39,973.80

 e.  Date of the transaction                                      03/05/23
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

 

 

 Transaction  Price(s)  Aggregated volume(s)  Aggregated Total
 Sale         34.00p    117,294               £39,879.96
 Purchase     34.08p    117,294               £39,973.80

e.

Date of the transaction

03/05/23

f.

Place of the transaction

London Stock Exchange

 

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