Director/PDMR Shareholding

RNS Number : 5724N

Surface Transforms PLC

10 May 2018

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 9 May 2018 that Group 14 Ltd (a company controlled by Richard Gledhill, a non executive director at Surface Transforms) sold 1,800,000 ordinary shares of 1p each in the Company ("Ordinary Shares") through a Bed and ISA arrangement to Richard Gledhill and his wife Lorraine Gledhill.

Specifically, on 9 May 2018, Group 14 Ltd sold a total of 1,800,000 Ordinary Shares at a price of 16.23p per Ordinary Share and on 9 May 2018 950,000 Ordinary Shares were repurchased by Richard Gledhill at 16.25p and 850,000 Ordinary Shares were repurchased at a price of 16.25p per Ordinary Share by his wife Lorraine Gledhill.

Following the above transactions, Mr. Gledhill remains beneficially interested in 13,431,755 Ordinary Shares which equates to approximately 11.78 per cent. of the Company's total issued share capital.

- Ends -

For enquiries, please contact:

Surface Transforms plc
Kevin Johnson, CEO	[phone]
David Bundred, Chairman	[phone]
Cantor Fitzgerald Europe (Nomad & Joint-Broker)	[phone]
David Foreman, Richard Salmond (Corporate Finance) Alex Pollen (Sales)
FinnCap Ltd (Joint-Broker)	[phone]
Stephen Norcross / Nikita Jain (Corporate Broking) Ed Frisby / Giles Rolls (Corporate Finance)

For further Company details, 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	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 1,800,000 ordinary shares of 1p each in the Company ("Ordinary Shares) where 950,000 Ordinary Shares were immediately repurchased by Richard Gledhill through a Bed and ISA arrangement, while 850,000 Ordinary Shares were purchased by Richard's wife through a Bed and ISA arrangement.
c.	Price(s) and volume(s) -    Transaction 1 (sale) -    Transaction 2 (purchase) -    Transaction 3 (purchase)	Price(s) Volume(s) 16.23p 1,800,000 16.25p 950,000 16.25p 850,000
d.	Aggregated information -    Transaction 1 (sale) -    Transaction 2 (purchase) -    Transaction 3 (purchase) -	Price(s) Aggregated volume(s) Aggregated Total 16.23p 1,800,000 £292,140.00 16.25p 950,000 £154,375.00 16.25p 850,000 £138,125.00
e.	Date of the transaction	09/05/2018
f.	Place of the transaction	London Stock Exchange

 

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