Director Dealing

RNS Number : 6505Z

Surface Transforms PLC

25 May 2021

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

25 May 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

Director dealing

Surface Transforms (AIM: SCE) announces that the Company was notified on 24 May 2021 that Michael Cunningham, Finance Director, has purchased a total of 30,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 65.5p per Ordinary Share.. Following this purchase Michael is beneficially interested in 150,000 shares.

For enquiries, please contact:

Surface Transforms plc.                                                                                        [phone]
 

David Bundred, Chairman

Kevin Johnson, CEO 

Michael Cunningham CFO

Zeus Capital Limited (Nominated Advisor and Joint Broker)                 [phone]

David Foreman / Dan Bate / Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)                                                                                  [phone]

Ed Frisby / Giles Rolls (Corporate Finance)
Richard Chambers (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

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 Michael Cunningham
2	Reason for notification
a.	Position/Status	Director
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
	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	Open market purchase of shares
c.	Price(s) and volume(s) -  Transaction 1 (Purchase)	Price(s) Volume(s) 65.5p 30,000
d.	Aggregated information -  Transaction 1 (purchase)	Price(s) Aggregated volume(s) Aggregated Total 65.5 p 30,000 £19,650.00
e.	Date of the transaction	24/05/2021
f.	Place of the transaction	London Stock Exchange

 

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