Director Dealing

Surface Transforms PLC
20 July 2023
 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

Director Dealing

 

Surface Transforms plc (AIM:SCE) is pleased to announce that the Company was notified on 19 July 2023 that all of the Company's non-executive directors, David Bundred (Chairman), Ian Cleminson, Julia Woodhouse and Matthew Taylor (together the "Non-Executive Directors") purchased, in aggregate, 930,608 ordinary shares of 1p each in the Company ("Ordinary Shares"), at an average price of 32.224p, totalling £300,000.

 

Following the above transactions, the Non-Executive Directors holdings are as follows:

 

Name

Ordinary Shares acquired

Total number of Ordinary Shares held

% of voting rights

David Bundred

155,101

1,552,626

0.64%

Ian Cleminson

155,101

319,654

0.13%

Julia Woodhouse

310,203

435,203

0.18%

Matthew Taylor

310,203

740,203

0.31%

 

For enquiries please contact

Surface Transforms plc

David Bundred, Chairman

Kevin Johnson, CEO

+44 151 356 2141

Zeus (Nominated Adviser and Joint Broker)

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

Dominic King (Corporate Broking)

+44 203 829 5000

finnCap Limited (Joint Broker)

Ed Frisby / Abigail Kelly (Corporate Finance)

Andrew Burdis / Barney Hayward (ECM)

+44 207 220 0500

 

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 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

1.     David Bundred

2.     Ian Cleminson

3.     Julia Woodhouse

4.     Matthew Taylor

2

Reason for notification

a.

Position/Status

1.     Non-Executive Chairman

2.     Non-Executive Director

3.     Non-Executive Director

4.     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

Purchase of 930,608 ordinary shares of 1p each in the Company ("Ordinary Shares")

c.

Price(s) and volume(s)

 

 

 

Transaction

Price(s)

Volume(s)

1. David Bundred

(i) Purchase on 14 July 2023

(ii) Purchase on 19 July 2023

 

 

(i) 30.9783p

(ii) 33.3238p

 

(i) 71,875

(ii) 83,226

2. Ian Cleminson

(i) Purchase on 14 July 2023

(ii) Purchase on 19 July 2023

 

(i) 30.9783p

(ii) 33.3238p

 

(i) 71,875

(ii) 83,226

3. Julia Woodhouse

(i) Purchase on 14 July 2023

(ii) Purchase on 19 July 2023

 

(i) 30.9783p

(ii) 33.3238p

 

(i) 143,750

(ii) 310,203

4. Matthew Taylor

(i) Purchase on 14 July 2023

(ii) Purchase on 19 July 2023

 

(i) 30.9783p

(ii) 33.3238p

 

(i) 143,750

(ii) 310,203

d.

Aggregated information

 

 

Transaction

Price(s)

Aggregated volume(s)

Aggregated Total

(i) Purchase on 14 July 2023

(ii) Purchase on 19 July 2023

(i) 30.9783p

(ii) 33.3238p

(i) 431,250

(ii) 499,358

(i) £133,594

(ii) £166,405

e.

Date of the transactions

14/07/23 and 19/07/2023

f.

Place of the transaction

London Stock Exchange

 

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