Director Dealing

Surface Transforms PLC

05 May 2023

 

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 4 May 2023 that David Bundred, Chairman of the Company, and his wife sold and repurchased in aggregate 117,294 ordinary shares of 1p each in the Company ("Ordinary Shares") in order to place the shares within their respective ISA's.

Specifically, on 3 May 2023, David Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date repurchased 58,647 Ordinary Shares at a price of 34.08p per Ordinary Share into his ISA fund. On 3 May 2023 his wife Stella Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date re purchased 58,647 shares at a price of 34.08p into her ISA fund.

Following the above transactions, Mr Bundred remains beneficially interested in 1,397,525 Ordinary Shares representing 0.6% of the total voting rights of the Company.

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For Enquiries please contact

Surface Transforms plc David Bundred, Chairman Kevin Johnson, CEO	[phone]
Zeus (Nominated Adviser and Joint Broker) David Foreman / Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)	[phone]
finnCap Limited (Joint Broker) Ed Frisby / Abigail Kelly (Corporate Finance) Andrew Burdis / Barney Hayward (ECM)	[phone]

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

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	David Bundred
2	Reason for notification
a.	Position/Status	Chairman
b.	Initial notification/ Amendment	Initial Notification
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 Identification Code	Ordinary Shares of 1p each ISIN: GB0002892528
b.	Nature of the transaction	Sale of 58,647 ordinary shares of 1p each in the Company ("Ordinary Shares") where 58,647 Ordinary Shares were immediately repurchased by David Bundred through a Bed and ISA arrangement, and 58,647 Ordinary Shares were sold by his wife and immediately re purchased by his wife.
c.	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1.   David Bundred sale 34.00p 58,647 2.   David Bundred repurchase 34.08p 58,647 3.   Stella Bundred sale 34.00p 58,647 4.   Stella Bundred repurchase 34.08p 58,647
d.	Aggregated information	Transaction Price(s) Aggregated volume(s) Aggregated Total Sale 34.00p 117,294 £39,879.96 Purchase 34.08p 117,294 £39,973.80
e.	Date of the transaction	03/05/23
f.	Place of the transaction	London Stock Exchange

 

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