Exercise of Options and PDMR Dealing

RNS Number : 4466S

Surface Transforms PLC

06 November 2019

 

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 PDMR Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 5 November 2019 that two employees and an ex-employee have exercised options over a total of 65,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Specifically, on 5 November 2019, Mr Geoff Whitfield, a PDMR, exercised options over 15,000 Ordinary Shares at a price of 9p per Ordinary Share.

In addition, two other individuals have exercised options over 50,000 Ordinary Shares at a price of 9p per Ordinary Share.

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 will be made for the 65,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 11 November 2019. Following Admission, the total number of voting rights in the Company will be 136,079,016 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.

- Ends -

For enquiries, please contact:

Surface Transforms plc
Kevin Johnson, CEO	[phone]
Michael Cunningham CFO	[phone]
David Bundred, Chairman	[phone]
Cantor Fitzgerald Europe (Nomad & Joint-Broker) David Foreman, Michael Boot (Corporate Finance) Caspar Shand Kydd, Maisie Atkinson (Sales)	[phone]
FinnCap Ltd (Joint-Broker) Richard Chambers (Corporate Broking) Ed Frisby / Giles Rolls (Corporate Finance)	[phone]
For further Company details, visit www.surfacetransforms.com.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.

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 Geoff Whitfield
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	Purchase of 675,000 ordinary shares of 1p each in the Company ("Ordinary Shares).
c.	Price(s) and volume(s) -   Transaction 1 (Purchase)		Price(s)	Volume(s)
			9.00p	15,000

d.	Aggregated information -   Transaction 1 (purchase)		Price(s)	Aggregated volume(s)	Aggregated Total
			9p	15,000	£1,350
e.	Date of the transaction	5 November 2019
f.	Place of the transaction	London Stock Exchange

 

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