Director/PDMR Shareholding

RNS Number : 6442K

Surface Transforms PLC

12 April 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 10 April 2018 that David Bundred, Chairman of the Company, and his wife sold and repurchased an aggregate 275,462 ordinary shares of 1p each in the Company ("Ordinary Shares") through a Bed and ISA arrangement.

Specifically, on 10 April 2018, David Bundred sold a total of 212,791 Ordinary Shares at a price of 14.5p per Ordinary Share and on 10 April 2018 repurchased 137,731 Ordinary Shares at a price of 14.52p per Ordinary Share. On 10 April 2018 his wife Stella Bundred purchased 75,060 Ordinary Shares at a price of 14.52p per Ordinary Share.  Also on 10 April 2018, his wife, Stella Bundred sold a total of 62,671 Ordinary Shares at a price of 14.5p per Ordinary Share and on 10 April 2018 repurchased 62,671 Ordinary Shares at a price of 14.52p per Ordinary Share.

Following the above transactions, Mr. Bundred remains beneficially interested in 894,641 Ordinary Shares which equates to approximately 0.78 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	David Bundred
2	Reason for notification
a.	Position/Status	PDMR 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	N/A
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 212,791 ordinary shares of 1p each in the Company ("Ordinary Shares) where 137,731 Ordinary Shares were immediately repurchased by him through a Bed and ISA arrangement, while 75,060 Ordinary Shares were purchased by his wife through a Bed and ISA arrangement. Sale of 62,671 ordinary shares of 1p each in the company by his wife which were immediately repurchased by her through a Bed and ISA arrangement.
c.	Price(s) and volume(s) -    Transaction 1 (sale) -    Transaction 2 (purchase) -    Transaction 3 (purchase) -    Transaction 4 (sale) -    Transaction 5 (purchase)	Price(s) Volume(s) 14.50p 212,791 14.52p 137,731 14.52p 75,060 14.50p 62,671 14.52p 62,671
d.	Aggregated information -    Transaction 1 (sale) -    Transaction 2 (purchase) -    Transaction 3 (purchase) -    Transaction 4 (sale) -    Transaction 5 (purchase)	Price(s) Aggregated volume(s) Aggregated Total 14.50p 212,791 £30,854.70 14.52p 137,731 £19,998.54 14.52p 75,060 £10,898.71 14.50p 62,671 £9,087.30 14.52p 62,671 £9,099.83
e.	Date of the transaction	10/04/2018
f.	Place of the transaction	London Stock Exchange

 

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