REG - Surface Transforms - Exercise of Options and Total Voting Rights

Surface TransformsAnnouncement

02/06/2023 07:00

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RNS Number : 4229B  Surface Transforms PLC  02 June 2023

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Exercise of Options and Total Voting Rights

 

 

Surface Transforms (AIM: SCE) announces that the Company was notified on 1
June 2023 that an options holder, who is not a PDMR, has exercised rights over
20,000 options in the Company at an exercise price of 14.5p (the "Exercise").

 

Admission and Total Voting Rights

 

As a result of the Exercise, the Company will issue 20,000 new ordinary shares
of 1p each in the Company ("Ordinary Shares") which will, when issued, rank
pari passu in all respects with the existing Ordinary Shares of the Company.
Application will be made for the 20,000 new Ordinary Shares to be admitted to
trading on AIM and dealings are expected to commence at 8.00 a.m. on 7 June
2023 ("Admission"). Following Admission, the total number of voting rights in
the Company will be 241,693,233 and shareholders may use this figure as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

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
(https://zeuscapitalltd.sharepoint.com/sites/SceIB/Shared%20Documents/General/Announcements/2023/5%20-%20May/2023.05.22%20-%20Exercis%20of%20Options%20&%20TVR/www.surfacetransforms.com)

 

 

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