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12 Jun 2025 16:17
Surface Transforms plc
("Surface Transforms" or "the Company")
PDMR Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was notified on 12th June 2025 that Mr. Ian Cleminson, a PDMR, purchased 2,688,172 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 0.93 pence per share on 12th June 2025.
Following the above transaction, Mr. Ian Cleminson is beneficially interested in 5,507,826 Ordinary Shares representing 0.42% of the total voting rights of the Company.
Further information is set out in the PDMR Dealing table at the end of this announcement.
For enquiries, please contact:
Surface Transforms plc | +44 151 356 2141 |
Ian Cleminson, Chairman | |
Kevin Johnson CEO | |
Zeus (Nominated Adviser and Broker) | +44 203 829 5000 |
David Foreman / James Edis (Investment Banking) | |
Dominic King (Corporate Broking) | |
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develops and produces 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 cars 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.
The Company holds the London Stock Exchange's Green Economy Mark.
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 | Ian Cleminson | ||||||||
2 | Reason for notification | |||||||||
a. | Position/Status | Chairman | ||||||||
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 shares | ||||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information
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e. | Date of the transaction | 12th June 2025 | ||||||||
f. | Place of the transaction | London | ||||||||
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