Surface Transforms PLC Director Dealing (5028Y)

TIDMSCE

RNS Number : 5028Y

Surface Transforms PLC

05 May 2023

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 4 May 2023 that David Bundred, Chairman of the Company, and his wife sold and repurchased in aggregate 117,294 ordinary shares of 1p each in the Company ("Ordinary Shares") in order to place the shares within their respective ISA's.

Specifically, on 3 May 2023, David Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date repurchased 58,647 Ordinary Shares at a price of 34.08p per Ordinary Share into his ISA fund. On 3 May 2023 his wife Stella Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date re purchased 58,647 shares at a price of 34.08p into her ISA fund.

Following the above transactions, Mr Bundred remains beneficially interested in 1,397,525 Ordinary Shares representing 0.6% of the total voting rights of the Company.

- Ends -

For Enquiries please contact

 
     Surface Transforms plc 
      David Bundred, Chairman 
      Kevin Johnson, CEO                                       [phone] 
     Zeus (Nominated Adviser and Joint Broker) 
      David Foreman / Dan Bate / James Edis (Investment 
      Banking) 
      Dominic King (Corporate Broking)                         [phone] 
                                                          --------------------- 
     finnCap Limited (Joint Broker) 
      Ed Frisby / Abigail Kelly (Corporate Finance) 
      Andrew Burdis / Barney Hayward (ECM)                     [phone] 
                                                          --------------------- 
 

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                           David Bundred 
                                        ------------------------------------------------------------------------------ 
     2        Reason for notification 
         -----------------------------  ------------------------------------------------------------------------------ 
     a.       Position/Status                Chairman 
         -----------------------------  ------------------------------------------------------------------------------ 
     b.       Initial notification/          Initial Notification 
               Amendment 
         -----------------------------  ------------------------------------------------------------------------------ 
     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                 Ordinary Shares of 1p each 
               the financial 
               instrument, type 
               of instrument 
                                              ISIN: GB0002892528 
               Identification 
               Code 
         -----------------------------  ------------------------------------------------------------------------------ 
     b.       Nature of the                  Sale of 58,647 ordinary shares of 1p each 
               transaction                    in the Company ("Ordinary Shares") where 
                                              58,647 Ordinary Shares were immediately repurchased 
                                              by David Bundred through a Bed and ISA arrangement, 
                                              and 58,647 Ordinary Shares were sold by his 
                                              wife and immediately re purchased by his 
                                              wife. 
         -----------------------------  ------------------------------------------------------------------------------ 
     c.                   Price(s) and            Transaction            Price(s)       Volume(s) 
                          volume(s)            1. David Bundred 
                                                sale                      34.00p         58,647 
                                                                     -------------  -------------- 
                                               2. David Bundred 
                                                repurchase                34.08p         58,647 
                                                                     -------------  -------------- 
                                               3. Stella 
                                                Bundred sale              34.00p         58,647 
                                                                     -------------  -------------- 
                                               4. Stella 
                                                Bundred repurchase        34.08p         58,647 
                                                                     -------------  -------------- 
         -----------------------------  ------------------------------------------------------------------------------ 
     d.                   Aggregated              Transaction        Price(s)       Aggregated       Aggregated Total 
                          information                                                 volume(s) 
                                                   Sale               34.00p         117,294          GBP39,879.96 
                                                                 -------------  ---------------  --------------------- 
                                                   Purchase           34.08p         117,294          GBP39,973.80 
                                                                 -------------  ---------------  --------------------- 
         -----------------------------  ------------------------------------------------------------------------------ 
     e.       Date of the transaction        03/05/23 
         -----------------------------  ------------------------------------------------------------------------------ 
     f.       Place of the transaction       London Stock Exchange 
         -----------------------------  ------------------------------------------------------------------------------ 
 

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May 05, 2023 02:00 ET (06:00 GMT)