REG - Surface Transforms - Director Dealing

Surface TransformsAnnouncement

20/07/2023 07:00

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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 £300,000.

 

Following the above transactions, the Non-Executive Directors holdings are as
follows:

 

 Name             Ordinary Shares acquired  Total number of Ordinary Shares held  % of voting rights
 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                                       +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                                                         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 of the financial instrument, type of instrument  Ordinary Shares of 1p each

Identification Code                                         ISIN: GB0002892528
 b.  Nature of the transaction                                    Purchase of 930,608 ordinary shares of 1p each in the Company ("Ordinary
                                                                  Shares")
 c.  Price(s) and volume(s)                                       Transaction                     Price(s)        Volume(s)

                                                            1. David Bundred

                                                            (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 71,875

                                                                  (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 83,226

                                                                  2. Ian Cleminson

                                                                  (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 71,875

                                                                  (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 83,226
                                                                  3. Julia Woodhouse

                                                                  (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 143,750

                                                                  (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 310,203
                                                                  4. Matthew Taylor

                                                                  (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 143,750

                                                                  (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 310,203
 d.  Aggregated information                                       Transaction                     Price(s)        Aggregated volume(s)  Aggregated Total

                                                            (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 431,250           (i) £133,594

                                                                  (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 499,358          (ii) £166,405
 e.  Date of the transactions                                     14/07/23 and 19/07/2023
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

 

 

 Transaction                     Price(s)        Aggregated volume(s)  Aggregated Total
 (i) Purchase on 14 July 2023    (i) 30.9783p    (i) 431,250           (i) £133,594

 (ii) Purchase on 19 July 2023   (ii) 33.3238p   (ii) 499,358          (ii) £166,405

e.

Date of the transactions

14/07/23 and 19/07/2023

f.

Place of the transaction

London Stock Exchange

 

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