Last checked at 6 Nov 2019 09:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Surface Transforms plc
("Surface Transforms" or the "Company")
Exercise of Options and PDMR Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was notified on 5 November 2019 that two employees and an ex-employee have exercised options over a total of 65,000 ordinary shares of 1p each in the Company ("Ordinary Shares").
Specifically, on 5 November 2019, Mr Geoff Whitfield, a PDMR, exercised options over 15,000 Ordinary Shares at a price of 9p per Ordinary Share.
In addition, two other individuals have exercised options over 50,000 Ordinary Shares at a price of 9p per Ordinary Share.
Admission and Total Voting Rights
The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made for the 65,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 11 November 2019. Following Admission, the total number of voting rights in the Company will be 136,079,016 and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
- Ends -
For enquiries, please contact:
Surface Transforms plc |
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Kevin Johnson, CEO | +44 151 356 2141 |
Michael Cunningham CFO | +44 151 348 8882 |
David Bundred, Chairman | +44 7785 388 848 |
Cantor Fitzgerald Europe (Nomad & Joint-Broker) David Foreman, Michael Boot (Corporate Finance) Caspar Shand Kydd, Maisie Atkinson (Sales) | +44 20 7894 7000 |
FinnCap Ltd (Joint-Broker) Richard Chambers (Corporate Broking) Ed Frisby / Giles Rolls (Corporate Finance) |
+44 20 7220 0500 |
For further Company details, visit www.surfacetransforms.com. |
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The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
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 Geoff Whitfield | |||
2 Reason for notification | |||||
a. | Position/Status | PDMR
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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 instrument
Identification Code | Ordinary Shares of 1p each
ISIN: GB0002892528 | |||
b. | Nature of the transaction | Purchase of 675,000 ordinary shares of 1p each in the Company ("Ordinary Shares). | |||
c. | Price(s) and volume(s) - Transaction 1 (Purchase)
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| Price(s) | Volume(s) |
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9.00p | 15,000 | ||||
d. | Aggregated information - Transaction 1 (purchase)
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| Price(s) | Aggregated volume(s) | Aggregated Total |
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9p | 15,000 | £1,350 |
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e. | Date of the transaction | 5 November 2019 | ||||
f. | Place of the transaction | London Stock Exchange | ||||