REG - Surface Transforms - PDMR Share Dealing & Total Voting Rights

Surface TransformsAnnouncement

19/12/2022 07:00

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RNS Number : 1341K  Surface Transforms PLC  19 December 2022

19 December 2022

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

PDMR Share Dealing and Total Voting Rights

 

 

Surface Transforms (AIM: SCE) announces that the Company was notified on 16
December 2022 that Kerry Wood, who is a PDMR, has exercised her rights over
233,333 options in the Company at exercise prices of 13p and 15.25p. Kerry
exercised these through a cashless transaction selling 85,114 ordinary shares
of 1p each in the Company ("Ordinary Shares") at 39.36p to fund the exercise.
Kerry has retained the remaining 148,219 Ordinary Shares and following the
transaction is beneficially interested in 544,140 Ordinary Shares representing
0.23% of the Company's issued share capital.

 

Admission and Total Voting Rights

 

The new Ordinary Shares will, when issued, rank pari passu in all respects
with the existing Ordinary Shares of the Company. Application will be made for
the 233,333 new Ordinary Shares to be admitted to trading on AIM and dealings
are expected to commence at 8.00 a.m. on 20 December 2022 ("Admission").
Following Admission, the total number of voting rights in the Company will be
240,613,233 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
 Michael Cunningham, CFO

 Zeus (Nominated Adviser and Joint Broker)      +44 203 829 5000
 David Foreman / Dan Bate / James Edis (Investment Banking)
 Dominic King (Corporate Broking)

 finnCap Ltd (Joint Broker)                     +44 20 7220 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)

 

The information set out below is provided in accordance with the requirements
of Article 19 of the Market Abuse Regulation.

 

 Notification and public disclosure of transactions by Persons Discharging
 Managerial Responsibilities ("PDMR") and persons closely associated with them
 ("PCA")

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Mrs 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
     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 shares

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

                                                            13p       100,000
     -    Transaction 1 (Purchase)                                15.25p    133,333

                                                            39.36p    85,114

     -    Transaction 2 (Purchase)

     -    Transaction 3 (Sale)

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

                                                            13p p     100,000               £13,000.00
     -    Transaction 1                                           15.25p    133,333               £20,333.28

                                                            39.36p    85,114                £33,500.87
     (purchase)

     -    Transaction 2 (Purchase)

     -    Transaction 3 (Sale)

 e.  Date of the transaction                                      16/12/2022
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

-    Transaction 1

(purchase)

 

-    Transaction 2 (Purchase)

 

-    Transaction 3 (Sale)

 

 Price(s)  Aggregated volume(s)  Aggregated Total
 13p p     100,000               £13,000.00
 15.25p    133,333               £20,333.28
 39.36p    85,114                £33,500.87

e.

Date of the transaction

16/12/2022

f.

Place of the transaction

London Stock Exchange

 

 

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