Sign In
18 Feb 2022 07:00
18 February 2022
Surface Transforms plc
("Surface Transforms" or the "Company")
Exercise of Options
Surface Transforms (AIM: SCE) announces that the Company was notified on 16 February 2022 that 2 employees, one of whom is a PDMR, had exercised options over a total of 67,842 ordinary shares of 1p each in the Company ("Ordinary Shares"). Specifically, Geoff Whitfield, Engineering Manager, exercised options over 27,842 Ordinary Shares at an exercise price of 11.5p. At the same time, an employee who is not a PDMR, exercised options over a total of 40,000 Ordinary Shares at exercise prices of 15.25p and 14.5p.
Admission and Total Voting Rights
The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for the 67,842 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 24 February 2022. Following Admission, the total number of voting rights in the Company will be 195,256,161 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.
For enquiries, please contact:
Surface Transforms | +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) | +44 207 220 0500 |
Ed Frisby / Abigail Kelly (Corporate Finance) Richard Chambers / Barney Hayward (ECM) |
|
For further Company details, visit www.surfacetransforms.com
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 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 Geoff Whitfield | ||||||
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 | ||||||
| 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 | Exercise of Options
| ||||||
c. | Price(s) and volume(s) - Transaction 1 (Purchase)
|
| ||||||
d. | Aggregated information - Transaction 1 (purchase)
|
| ||||||
e. | Date of the transaction | 16/02/2022 | ||||||
f. | Place of the transaction | London Stock Exchange | ||||||
Follow the stocks
