Director Dealing

RNS Number : 4834D
Surface Transforms PLC
20 October 2022
 

 

20 October 2022

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Director Dealing

 

Surface Transforms (AIM:SCE), manu facturers of carbon fibre reinforced ceramic automotive brake discs pursuant to the Placing and Subscription, as described in the announcement dated 29 September 2022, David Bundred, Non-Executive Chairman, and Matthew Taylor, Julia Woodhouse and Ian Cleminson, each a Non-Executive Director, subscribed in aggregate for 600,000 Ordinary Shares at the issue price of 40 pence per Ordinary Share, that were admitted to trading on AIM today.

Following the Subscription, each Director is beneficially interested in the following Ordinary Shares:

 

Director

Shares subscribed for

Beneficial interest in Ordinary Shares

% of issued share capital

David Bundred

3 7,500

1 ,397,525

0 .58%

Matthew Taylor

3 75,000

4 30,000

0 .18%

Julia Woodhouse

125,000

1 25,000

0 .05%

Ian Cleminson

62,500

1 64,553

0 .07%

 

The capitalised terms used in this announcement have the same meanings as defined in the Circular issued by the Company on 29 September 2022, unless otherwise stated.

 

For further information, please contact:

 

 


Surface Transforms plc

+44 151 356 2141  

David Bundred, Chairm an


Kevin Johnson, CEO


Michael Cunningham, CFO


 


Zeus (Nominated Adviser and Joint Broker) 

+44 203 829 5000  

David Foreman / Dan Bate / James Edis (Investment Banking)


Dominic King (Corporate Broking)




finnCap Ltd (Joint Broker)

+44 20 7220 0500

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

The information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation

 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

i)  David Bundred

 

ii)  Matthew Taylor

 

iii)  Julia Woodhouse

 

iv)  Ian Cleminson

 

 

2

Reason for the notification

 

a)

Position/status

 

i)  Non-Executive Chairman

ii)  Non-Executive Director

iii)  Non-Executive Director

iv)  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 £0.01 each

 

 

 

 

ISIN: GB0002892528

 

 

b)

Nature of the transaction

(i)  Purchase of 37,500 Ordinary Shares by David Bundred. 

(ii)  Purchase of 375,000 Ordinary Shares by Matthew Taylor. 

(iii)  Purchase of 125,000 Ordinary Shares by Julia Woodhouse. 

(iv)  Purchase of 62,500 Ordinary Shares by Ian Cleminson.

 

c)

Price(s) and volume(s)


Name

Price(s)

Volume(s)

i

David Bundred

40.0p

37,500

ii

Matthew Taylor

40.0p

375,000

iii

Julia Woodhouse

40.0p

125,000

iv

Ian Cleminson

40.0p

62,500

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

 

 

 

 

 

e)

Date of the transaction

29 September 2022

 

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

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