Surface Transforms PLC Director/PDMR Shareholding (6442K)

TIDMSCE

RNS Number : 6442K

Surface Transforms PLC

12 April 2018

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 10 April 2018 that David Bundred, Chairman of the Company, and his wife sold and repurchased an aggregate 275,462 ordinary shares of 1p each in the Company ("Ordinary Shares") through a Bed and ISA arrangement.

Specifically, on 10 April 2018, David Bundred sold a total of 212,791 Ordinary Shares at a price of 14.5p per Ordinary Share and on 10 April 2018 repurchased 137,731 Ordinary Shares at a price of 14.52p per Ordinary Share. On 10 April 2018 his wife Stella Bundred purchased 75,060 Ordinary Shares at a price of 14.52p per Ordinary Share. Also on 10 April 2018, his wife, Stella Bundred sold a total of 62,671 Ordinary Shares at a price of 14.5p per Ordinary Share and on 10 April 2018 repurchased 62,671 Ordinary Shares at a price of 14.52p per Ordinary Share.

Following the above transactions, Mr. Bundred remains beneficially interested in 894,641 Ordinary Shares which equates to approximately 0.78 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, Richard Salmond 
      (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 
 
               Identification                        ISIN: GB0002892528 
               Code 
-------  ------------------------------------  -------------------------------------------------------- 
     b.       Nature of                             Sale of 212,791 ordinary shares 
               the transaction                       of 1p each in the Company ("Ordinary 
                                                     Shares) where 137,731 Ordinary 
                                                     Shares were immediately repurchased 
                                                     by him through a Bed and ISA 
                                                     arrangement, while 75,060 Ordinary 
                                                     Shares were purchased by his 
                                                     wife through a Bed and ISA 
                                                     arrangement. Sale of 62,671 
                                                     ordinary shares of 1p each 
                                                     in the company by his wife 
                                                     which were immediately repurchased 
                                                     by her through a Bed and ISA 
                                                     arrangement. 
-------  ------------------------------------  -------------------------------------------------------- 
     c.       Price(s) and                               Price(s)       Volume(s) 
               volume(s)                             -------------  -------------- 
 
                *    Transaction 1 (sale)                  14.50p         212,791 
                                                     -------------  -------------- 
 
                                                           14.52p         137,731 
                *    Transaction 2                   -------------  -------------- 
 
                                                           14.52p         75,060 
               (purchase)                            -------------  -------------- 
 
                *    Transaction 3                         14.50p         62,671 
                                                     -------------  -------------- 
 
               (purchase)                                  14.52p         62,671 
                                                     -------------  -------------- 
                *    Transaction 4 (sale) 
 
 
 
                *    Transaction 5 (purchase) 
-------  ------------------------------------  -------------------------------------------------------- 
     d.       Aggregated                                 Price(s)       Aggregated       Aggregated 
               information                                                volume(s)        Total 
                                                     -------------  ---------------  ------------------ 
                *    Transaction 1 (sale) 
                                                           14.50p         212,791          GBP30,854.70 
                                                     -------------  ---------------  ------------------ 
 
                *    Transaction 2                         14.52p         137,731          GBP19,998.54 
                                                     -------------  ---------------  ------------------ 
                                                          14.52p         75,060           GBP10,898.71 
               (purchase)                            -------------  ---------------  ------------------ 
                                                          14.50p         62,671           GBP9,087.30 
                *    Transaction 3                   -------------  ---------------  ------------------ 
 
                                                           14.52p         62,671           GBP9,099.83 
               (purchase)                            -------------  ---------------  ------------------ 
 
                *    Transaction 4 (sale) 
 
 
 
                *    Transaction 5 (purchase) 
-------  ------------------------------------  -------------------------------------------------------- 
     e.       Date of the                           10/04/2018 
               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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April 12, 2018 02:01 ET (06:01 GMT)