REG - Surface Transforms - Share Incentive Plan – Allocation of Share

Surface TransformsAnnouncement

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RNS Number : 9259G  Surface Transforms PLC  01 May 2025

Surface Transforms plc

("Surface Transforms" or "the Company")

Share Incentive Plan - Allocation of Ordinary Shares

 

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced
ceramic automotive brake discs, announces the allocation of 21,462,860
ordinary shares of 1p each in the Company ("Ordinary Shares") (the "SIP
Shares"), pursuant to the Company's Share Incentive Plan (the "SIP").

The SIP was established to incentivise employees through the acquisition (or
issue) of Ordinary Shares, with individual contributions ranging between £10
and £150 per month, together with a discretionary award of bonus shares
(known as Matching Shares in the SIP Agreement) up to a 2:1 basis with the
paid-for Ordinary Shares.

This is the first award under the SIP, which was approved by shareholders at
the Company's AGM on 27 June 2023. The paid-for SIP Shares and discretionary
award of matching Ordinary Shares, on a 1:1 basis have been acquired at an
average price of 0.3206 pence per Ordinary Share. Accordingly, employees paid
in aggregate £34,405 which was matched by the Company with respect to the
discretionary award.

The SIP Shares have been allocated to 37 participating employees, including
the following individuals, who are Persons Discharging Managerial
Responsibilities ("PDMRs"):

 Name              Position  Number of SIP Shares  Total Shareholding post issue of SIP Shares  Total Shareholding as a % of issued share capital
 Kevin Johnson     CEO       1,122,894             4,764,202                                    0.37
 Isabelle Maddock  CFO       748,596               1,212,359                                    0.09
 Stephen Easton    COO       748,596               2,248,596                                    0.17

 

Further information is set out in the PDMR Dealing table at the end of this
announcement.

Following this announcement, the Board confirms it has launched the second
accumulation period under the SIP.

Total voting rights

Following the allocation of the SIP Shares, the total number of voting rights
in the Company remains unchanged at 1,302,072,638. 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
 Ian Cleminson, Interim Chairman
 Kevin Johnson CEO

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

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 cars 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.

The Company holds the London Stock Exchange's Green Economy Mark.

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                                                         1)    Kevin Johnson

                                                                  2)    Isabelle Maddock

                                                                  3)    Stephen Easton
 2   Reason for notification
 a.  Position/Status                                              1)    CEO

                                                                  2)    Director

                                                                  3)    COO
 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                                    Allocation of shares under Surface Transforms plc's 2024 Share Incentive Plan
 c.  Price(s) and volume(s)                                       Transaction                Price(s)  Volume(s)

                                                            1)    Kevin Johnson        0.3206p   1,122,894
                                                                  2)    Isabelle Maddock     0.3206p   748,596

                                                            3)    Stephen Easton       0.3206p   2,248,596

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

                                                            Same as 4 (c )

 e.  Date of the transaction                                      29 April 2025
 f.  Place of the transaction                                     London

d.

Aggregated information

 

 

 Transaction     Price(s)  Aggregated volume(s)  Aggregated Total
 Same as 4 (c )

e.

Date of the transaction

29 April 2025

f.

Place of the transaction

London

 

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