Director Dealing

RNS Number : 2754B

Surface Transforms PLC

06 October 2020

 

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")

Exercise of Options and Director Dealing

Surface Transforms (AIM: SCE) announces that Mr David Bundred, Chairman of the Company, has exercised options over a total of 300,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Following the exercise Mr. Bundred is beneficially interested in 1,310,025 Ordinary Shares amounting to 0.8% of the voting capital of the Company.

Admission and Total Voting Rights

The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application has been made for the 300,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 12 October 2020. Following Admission, the total number of voting rights in the Company will be 154,898,319 and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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]

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

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)      [phone]

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

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	Mr David George Bundred
2	Reason for notification
a.	Position/Status	PDMR
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	Exercise of Options for Ordinary Shares in the Company
c.	Price(s) and volume(s) -  Transaction 1 (Purchase)	Price(s) Volume(s) 8.3p 300,000
d.	Aggregated information -  Transaction 1 (purchase)	Price(s) Aggregated volume(s) Aggregated Total 8.3p 300,000 £24,900
e.	Date of the transaction	06/10/2020
f.	Place of the transaction	London Stock Exchange

 

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