REG - Surface Transforms - Director/PDMR Shareholding

Surface TransformsAnnouncement

27/05/2022 15:00

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RNS Number : 1300N  Surface Transforms PLC  27 May 2022

27 May 2022

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Director Dealing

 

 

Surface Transforms (AIM: SCE) announces that the Company was notified on 27
May 2022 that Ian Cleminson, non-executive director, purchased a total of
102,053 ordinary shares of 1p each in the Company ("Ordinary Shares") at 49p
on 26 May 2022.

 

Following this transaction Mr. Cleminson is beneficially interested in 102,053
Ordinary Shares, representing 0.06% of the Company's issued share capital.

For enquiries, please contact:

Surface Transforms plc.
                               +44 151 356 2141

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

 

Zeus (Nominated Adviser and Joint Broker)
   +44 203 829 5000

 

David Foreman / Dan Bate / Jordan Warburton (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)
 
               +44 20 7220 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 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. Ian Cleminson
 2   Reason for notification

 a.  Position/Status                                              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
     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                                    Open market share purchase

 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            49p       102,053
     -    Transaction 1 (Sale 24/05/2022)

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

                                                            48.994p   102,053               £49,995.85
     -    Transaction 1

     (Sale 24/05/2022)

 e.  Date of the transaction                                      26/05/2022
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

-    Transaction 1

(Sale 24/05/2022)

 

 Price(s)  Aggregated volume(s)  Aggregated Total
 48.994p   102,053               £49,995.85

e.

Date of the transaction

26/05/2022

f.

Place of the transaction

London Stock Exchange

 

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