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13 May 2021 07:00
13 May 2021
Surface Transforms plc
("Surface Transforms" or the "Company")
Director Share Dealing
Surface Transforms (AIM: SCE) announces that the Company was notified on 12 May 2021 that Matthew Taylor, non-executive director, has purchased a total of 55,000 ordinary shares of 1p each in the Company ("Ordinary Shares") comprising a purchase of 30,000 Ordinary Shares at a price of 66.5p on 11 May 2021 and 25,000 Ordinary Shares at a price of 67.0p on 12 May 2021. Following these purchases, Matthew is beneficially interested in 55,000 Ordinary Shares.
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)
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 | Mr Matthew Taylor | |||||||||
2 | Reason for notification |
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a. | Position/Status | 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 | |||||||||
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 instrumentIdentification Code | Ordinary Shares of 1p each ISIN: GB0002892528 | |||||||||
b. | Nature of the transaction | Open market purchase of shares
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c. | Price(s) and volume(s) - Transaction 1 (Purchase 11/05/2021)
- - Transaction 2 (Purchase 12/05/2021)
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d. | Aggregated information - Transaction 1 (purchase 11/05/2021) - Transaction 2 (purchase 12/05/2021)
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e. | Date of the transaction | 11/05/2021 & 12/05/2021 | |||||||||
f. | Place of the transaction | London Stock Exchange | |||||||||
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