Director/PDMR Shareholding

RNS Number : 6852M

Surface Transforms PLC

25 May 2022

 

25 May 2022

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms (AIM: SCE) announces that the Company was notified on 24 May 2022 that David Bundred, non-executive chairman, and his wife have sold and re-purchased a total of 89,120 ordinary shares of 1p each in the Company ("Ordinary Shares") being a sale by Mr. Bundred of 44,560 Ordinary Shares at a price of 44.9p from his dealing account and a repurchase of 44,560 Ordinary Shares at 45p in his ISA. Similarly, Mrs. Bundred sold 44,560 Ordinary Shares from her dealing account at a price of 44.9p and repurchased these at a price of 45p in her ISA.

Following these transactions Mr. Bundred remains beneficially interested in 1,360,025 shares, representing 0.70% of the Company's issued share capital.

For enquiries, please contact:

Surface Transforms plc.      [phone]

David Bundred, Chairman

Kevin Johnson, CEO 

Michael Cunningham CFO

Zeus (Nominated Adviser and Joint Broker)    [phone]

David Foreman / Dan Bate / Jordan Warburton (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)      [phone]

Ed Frisby / Abigail Kelly (Corporate Finance)
Richard Chambers / Barney Hayward (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 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. David Bundred and his wife
2	Reason for notification
a.	Position/Status	Non Executive 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
	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	Transfer of shares to ISA
c.	Price(s) and volume(s) -  Transaction 1 (Sale 24/05/2022) -  -  Transaction 2  (Sale 24/05/2022) -  - Transaction 3 (Purchase 24/05/2022) -  -Transaction 4 (Purchase 24/05/2022)	Price(s) Volume(s) 44.9p 44,560 44.9p 44,560 45p 44,560 45p 44,560
d.	Aggregated information -  Transaction 1 (Sale 24/05/2022) -  Transaction 2 (Sale 24/05/2022) - Transaction 3 (Purchase 24/05/2022) -Transaction 4 (Purchase 24/05/2022)	Price(s) Aggregated volume(s) Aggregated Total 44.9p 44,560 £20,007.44 44.9p 44,560 £20,007.44 45p 44,560 £20,052.00 45p 44,560 £20,052.00
e.	Date of the transaction	24/05/2022
f.	Place of the transaction	London Stock Exchange

 

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