Director Dealing

RNS Number : 3683W
Surface Transforms PLC
22 April 2021
 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

Director Dealing

 

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 22 April 2021 that Group 14 Ltd, a company wholly owned by Richard Gledhill, a non-executive director of the Company, and his wife, Lorraine Gledhill, sold 400,000 ordinary shares of 1p each in the Company ("Ordinary Shares"). These shares were then purchased by Richard and Lorraine into their respective SIPP's and ISA's.

 

Specifically, on 22 April 2021, Group 14 Ltd, sold 400,000 Ordinary Shares at a price of 68.5p per Ordinary Share and on the same date Richard Gledhill repurchased an aggregate of 245,000 Ordinary Shares at the same price, split 160,000 and 85,000 into his SIPP and ISA fund respectively. On 22 April 2021, Richard's wife Lorraine Gledhill repurchased an aggregate of 155,000 Ordinary Shares also at 68.5p per Ordinary Share split 115,000 and 40,000 between her SIPP and ISA fund respectively.

 

Following the above transactions, Mr Gledhill's beneficial interest is unchanged at 15,013,346 Ordinary Shares, representing 7.7% of the voting capital of the Company.

 

 

For Enquiries please contact

 

Surface Transforms plc.

+44 151 356 2141

David Bundred, Chairman

 

Kevin Johnson, CEO

 

Michael Cunningham CFO

 

 

Zeus Capital Limited (Nominated Advisor and Joint Broker)

+44 203 829 5000

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

 

Dominic King (Corporate Broking)

 

 

finnCap Ltd (Joint Broker)

+44 20 7220 0500

Ed Frisby / Giles Rolls (Corporate Finance)

 

Richard Chambers (ECM)

 

 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

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 400,000 ordinary shares of 1p each in the Company ("Ordinary Shares) where 400,000 Ordinary Shares were sold by Group 14 Ltd a Company wholly owned by Richard Gledhill and his wife, with 245,000 repurchased by Richard Gledhill through his SIPP and ISA, and 155,000 Ordinary Shares by Richard's wife's SIPP and ISA.

 

c.

Price(s) and volume(s)

 

Transaction 1 (sale)

 

Transaction 2

(purchase - Richard Gledhill's SIPP and ISA)

 

Transaction 3

(Purchase - Lorraine Gledhill's SIPP and ISA)

 

Price(s)

Volume(s)

68.5p

400,000

68.5p

245,000

68.5p

155,000

 

d.

Aggregated information

 

Transaction 1 (sale)

 

Transaction 2

(purchase - Richard Gledhill's SIPP and ISA)

 

Transaction 3 (Lorraine Gledhill's SIPP and ISA)

Price(s)

Aggregated volume(s)

Aggregated Total

68.5p

400,000

£274,000

68.5p

245,000

£167,825

68.5p

155,000

£106,175

 

e.

Date of the transaction

22/04/2021

f.

Place of the transaction

London Stock Exchange

 

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