REG - Surface Transforms - Exercise of options

Surface TransformsAnnouncement

18/02/2022 07:15

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RNS Number : 1143C  Surface Transforms PLC  18 February 2022

18 February 2022

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Exercise of Options

 

Surface Transforms (AIM: SCE) announces that the Company was notified on 16
February 2022 that 2 employees, one of whom is a PDMR, had exercised options
over a total of 67,842 ordinary shares of 1p each in the Company ("Ordinary
Shares"). Specifically, Geoff Whitfield, Engineering Manager, exercised
options over 27,842 Ordinary Shares at an exercise price of 11.5p. At the same
time, an employee who is not a PDMR, exercised options over a total of 40,000
Ordinary Shares at exercise prices of 15.25p and 14.5p.

 

Admission and Total Voting Rights

 

The new Ordinary Shares will, when issued, rank pari passu in all respects
with the existing Ordinary Shares. Application will be made for the 67,842 new
Ordinary Shares to be admitted to trading on AIM and dealings are expected to
commence at 8.00 a.m. on 24 February 2022. Following Admission, the total
number of voting rights in the Company will be 195,256,161 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                                               +44 151 356 2141
 David Bundred, Chairman

 Kevin Johnson, CEO

 Michael Cunningham CFO

 Zeus Capital Limited (Nominated Advisor and Joint Broker)        +44 203 829 5000
 David Foreman / Dan Bate / Jordan Warburton (Corporate Finance)

 Dominic King (Corporate Broking)

 finnCap Ltd (Joint Broker)                                       +44 207 220 0500
 Ed Frisby / Abigail Kelly (Corporate Finance)

 Richard Chambers / Barney Hayward (ECM)

 

For further Company details, visit www.surfacetransforms.com
(http://www.surfacetransforms.com/)

 

About Surface Transforms

Surface Transforms plc (AIM:SCE) develops and produces 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                                                         Mr Geoff Whitfield
 2   Reason for notification

 a.  Position/Status                                              PDMR
 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                                    Exercise of Options

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

                                                            11.5p     27,842
     -    Transaction 1 (Purchase)

 

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

                                                            11.5p     27,842                £3,201.83
     -    Transaction 1

 
     (purchase)

 e.  Date of the transaction                                      16/02/2022
 f.  Place of the transaction                                     London Stock Exchange

 

d.

Aggregated information

-    Transaction 1

(purchase)

 

 Price(s)  Aggregated volume(s)  Aggregated Total
 11.5p     27,842                £3,201.83

 

e.

Date of the transaction

16/02/2022

f.

Place of the transaction

London Stock Exchange

 

 

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