Director Dealing

RNS Number : 3683W

Surface Transforms PLC

22 April 2021

 

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 22 April 2021 that Group 14 Ltd, a company wholly owned by Richard Gledhill, a non-executive director of the Company, and his wife, Lorraine Gledhill, sold 400,000 ordinary shares of 1p each in the Company ("Ordinary Shares"). These shares were then purchased by Richard and Lorraine into their respective SIPP's and ISA's.

Specifically, on 22 April 2021, Group 14 Ltd, sold 400,000 Ordinary Shares at a price of 68.5p per Ordinary Share and on the same date Richard Gledhill repurchased an aggregate of 245,000 Ordinary Shares at the same price, split 160,000 and 85,000 into his SIPP and ISA fund respectively. On 22 April 2021, Richard's wife Lorraine Gledhill repurchased an aggregate of 155,000 Ordinary Shares also at 68.5p per Ordinary Share split 115,000 and 40,000 between her SIPP and ISA fund respectively.

Following the above transactions, Mr Gledhill's beneficial interest is unchanged at 15,013,346 Ordinary Shares, representing 7.7% of the voting capital of the Company.

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)

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

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	Richard Gledhill
2	Reason for notification
a.	Position/Status	PDMR Non Executive 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
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 400,000 ordinary shares of 1p each in the Company ("Ordinary Shares) where 400,000 Ordinary Shares were sold by Group 14 Ltd a Company wholly owned by Richard Gledhill and his wife, with 245,000 repurchased by Richard Gledhill through his SIPP and ISA, and 155,000 Ordinary Shares by Richard's wife's SIPP and ISA.
c.	Price(s) and volume(s) -  Transaction 1 (sale) -  Transaction 2 (purchase - Richard Gledhill's SIPP and ISA) -  Transaction 3 (Purchase - Lorraine Gledhill's SIPP and ISA)	Price(s) Volume(s) 68.5p 400,000 68.5p 245,000 68.5p 155,000
d.	Aggregated information -  Transaction 1 (sale) -  Transaction 2 (purchase - Richard Gledhill's SIPP and ISA) Transaction 3 (Lorraine Gledhill's SIPP and ISA)	Price(s) Aggregated volume(s) Aggregated Total 68.5p 400,000 £274,000 68.5p 245,000 £167,825 68.5p 155,000 £106,175
e.	Date of the transaction	22/04/2021
f.	Place of the transaction	London Stock Exchange

 

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