PDMR Dealing

Surface Transforms PLC
20 June 2023
 

20 June 2023

 

 

 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

PDMR Dealing

 

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 19 June 2023 that Kerry Wood, a PDMR, and her husband, Joel Wood, in aggregate sold 125,097 ordinary shares of 1p each in the Company ("Ordinary Shares") and repurchased 124,896 Ordinary Shares, in order to place the shares within their respective ISA's.

 

Specifically, on 16 June 2023, Kerry Wood sold 125,097 Ordinary Shares at a price of 32.0p per Ordinary Share and on the same date repurchased 62,448 Ordinary Shares at a price of 32.025p per Ordinary Share into her ISA fund. On 16 June 2023 her husband purchased 62,448 shares at a price of 32.025p into his ISA fund.

Following the above transactions, Mrs Wood remains beneficially interested in 543,939 Ordinary Shares representing 0.23% of the total voting rights of the Company.

 

- Ends -

 

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

Kerry Wood

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

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 125,097 ordinary shares of 1p each in the Company ("Ordinary Shares") where 62,448 Ordinary Shares were immediately repurchased by Kerry Wood through a Bed and ISA arrangement, and 62,448 Ordinary immediately purchased by her husband..

c.

Price(s) and volume(s)

 

 

 

Transaction

Price(s)

Volume(s)

1.   Kerry Wood sale

32.0p

125,097

2.   Kerry Wood repurchase

32.025p

62,448

4.   Joel Wood purchase

32.025p

62,448

d.

Aggregated information

 

 

Transaction

Price(s)

Aggregated volume(s)

Aggregated Total

Sale

32.00p

125,097

£40,031.04

Purchase

32.025p

124,896

£39,997.94

e.

Date of the transaction

16/06/2023

f.

Place of the transaction

London Stock Exchange

 

 

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