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20 Jul 2023 07:00
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 instrumentIdentification 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)
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d. | Aggregated information
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e. | Date of the transactions | 14/07/23 and 19/07/2023 | |||||||||||||||
f. | Place of the transaction | London Stock Exchange | |||||||||||||||
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