REG - Surface Transforms - PDMR Dealing

Surface TransformsAnnouncement

20/06/2023 11:45

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RNS Number : 3186D  Surface Transforms PLC  20 June 2023

20 June 2023

 

 

 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

PDMR Dealing

 

Surface Transforms plc (AIM: SCE) announces that the Company was notified
on 19 June 2023 that Kerry Wood, a PDMR, and her husband, Joel Wood, in
aggregate sold 125,097 ordinary shares of 1p each in the Company ("Ordinary
Shares") and repurchased 124,896 Ordinary Shares, in order to place the shares
within their respective ISA's.

 

Specifically, on 16 June 2023, Kerry Wood sold 125,097 Ordinary Shares at a
price of 32.0p per Ordinary Share and on the same date repurchased 62,448
Ordinary Shares at a price of 32.025p per Ordinary Share into her ISA fund.
On 16 June 2023 her husband purchased 62,448 shares at a price of 32.025p
into his ISA fund.

Following the above transactions, Mrs Wood remains beneficially interested
in 543,939 Ordinary Shares representing 0.23% 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                                                         Kerry Wood
 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
 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 125,097 ordinary shares of 1p each in the Company ("Ordinary Shares")
                                                                  where 62,448 Ordinary Shares were immediately repurchased by Kerry
                                                                  Wood through a Bed and ISA arrangement, and 62,448 Ordinary immediately
                                                                  purchased by her husband..
 c.  Price(s) and volume(s)                                       Transaction                     Price(s)  Volume(s)

                                                            1.   Kerry Wood sale            32.0p     125,097
                                                                  2.   Kerry Wood repurchase      32.025p   62,448

                                                            4.   Joel Wood purchase         32.025p   62,448

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

                                                            Sale         32.00p    125,097               £40,031.04
                                                                  Purchase     32.025p   124,896               £39,997.94

 e.  Date of the transaction                                      16/06/2023
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

 

 

 Transaction  Price(s)  Aggregated volume(s)  Aggregated Total
 Sale         32.00p    125,097               £40,031.04
 Purchase     32.025p   124,896               £39,997.94

e.

Date of the transaction

16/06/2023

f.

Place of the transaction

London Stock Exchange

 

 

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