Surface Transforms PLC Director/PDMR Shareholding (3272K)

TIDMSCE

RNS Number : 3272K

Surface Transforms PLC

06 July 2017

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")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 6 July 2017 that David Bundred, Chairman of the Company, sold a total of 249,376 ordinary shares of 1p each in the Company ("Ordinary Shares) at a price of 16p per Ordinary Share where 124,688 Ordinary Shares were immediately repurchased by him at a price of 16.02p per share through a Bed and ISA arrangement, while 124,688 Ordinary Shares were purchased by his wife at a price of 16.02p per share through a Bed and ISA arrangement.

Following the above transaction, Mr. Bundred remains beneficially interested in 733,341 Ordinary Shares which equates to approximately 0.81 per cent. of the Company's total issued share capital.

- Ends -

For enquiries, please contact:

 
     Surface Transforms plc 
      Kevin Johnson, CEO                         [phone] 
     David Bundred, Chairman                    [phone] 
     Cantor Fitzgerald Europe (Nomad 
      & Joint-Broker)                           [phone] 
     David Foreman, Michael Reynolds 
      (Corporate Finance) 
      Alex Pollen (Sales) 
 
     FinnCap Ltd (Joint-Broker)                 [phone] 
     Stephen Norcross / Nikita Jain 
      (Corporate Broking) 
      Ed Frisby / Giles Rolls (Corporate 
      Finance) 
 

For further Company details, 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                       PDMR 
                                                     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                                   N/A 
-------  ------------------------------------  ------------------------------------------------------- 
     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                           Ordinary Shares of 1p each 
               of the financial 
               instrument, 
               type of instrument 
                                                     ISIN: GB0002892528 
               Identification 
               Code 
-------  ------------------------------------  ------------------------------------------------------- 
     b.       Nature of                             Sale of 249,376 ordinary shares 
               the transaction                       of 1p each in the Company ("Ordinary 
                                                     Shares) where 124,688 Ordinary 
                                                     Shares were immediately repurchased 
                                                     by him through a Bed and ISA arrangement, 
                                                     while 124,688 Ordinary Shares 
                                                     were purchased by his wife through 
                                                     a Bed and ISA arrangement. 
-------  ------------------------------------  ------------------------------------------------------- 
     c.       Price(s) and                               Price(s)       Volume(s) 
               volume(s)                             -------------  -------------- 
                                                          16.00p         249,376 
                *    Transaction 1 (sale)            -------------  -------------- 
                                                          16.02p         124,688 
                                                     -------------  -------------- 
                                                          16.02p         124,688 
                *    Transaction 2 (purchase)        -------------  -------------- 
 
 
 
                *    Transaction 3 (purchase) 
-------  ------------------------------------  ------------------------------------------------------- 
     d.       Aggregated                                 Price(s)       Aggregated       Aggregated 
               information                                                volume(s)        Total 
                                                     -------------  ---------------  ----------------- 
                *    Transaction 1 (purchase)             16.00p         249,376          GBP39,900.16 
                                                     -------------  ---------------  ----------------- 
                                                          16.02p         124,688          GBP19,975.02 
                                                     -------------  ---------------  ----------------- 
                *    Transaction 2 (sale)                 16.02p         124,688          GBP19,975.02 
                                                     -------------  ---------------  ----------------- 
 
 
                *    Transaction 3 (purchase) 
-------  ------------------------------------  ------------------------------------------------------- 
     e.       Date of the                           2017-07-06 
               transaction 
-------  ------------------------------------  ------------------------------------------------------- 
     f.       Place of the                          London Stock Exchange 
               transaction 
-------  ------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 10:00 ET (14:00 GMT)