Surface Transforms PLC Exercise of Options and Director Dealing (5599J)

TIDMSCE

RNS Number : 5599J

Surface Transforms PLC

06 December 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")

Exercise of Options and Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 5 December 2018 that Dr Kevin Johnson (CEO of Surface Transforms Plc) exercised options over 675,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Specifically, on 5 December 2018, Dr Kevin Johnson purchased 345,000 Ordinary Shares at a price of 9p per Ordinary Share and purchased 330,000 Ordinary Shares at a price of 11.5p.

Following the above transactions, Dr Johnson will be beneficially interested in 799,000 Ordinary Shares, which equates to approximately 0.6 per cent. of the Company's total issued share capital.

Dr Johnson has advised that he intends to transfer all of these shares to his SIPP but this will not change his beneficial interest in the Company.

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 675,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 11 December 2018. Following Admission, the total number of voting rights in the Company will be 123,710,416 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 
 
       Kevin Johnson, CEO                                     [phone] 
       Michael Cunningham CFO                                 [phone] 
     David Bundred, Chairman                                [phone] 
     Cantor Fitzgerald Europe (Nomad & Joint-Broker)        [phone] 
     David Foreman, Richard Salmond, Michael Boot 
      (Corporate Finance) 
      Caspar Shand Kydd, Gregor Paterson (Sales) 
 
     FinnCap Ltd (Joint-Broker)                             [phone] 
     Richard Chambers (Corporate Broking) 
      Ed Frisby / Giles Rolls (Corporate Finance) 
 

For further Company details, visit www.surfacetransforms.com.

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                                             Dr Kevin Johnson 
                                                          --------------------------------------------------------------------- 
     2        Reason for notification 
         -----------------------------------------------  --------------------------------------------------------------------- 
     a.       Position/Status                                  PDMR 
                                                                CEO 
         -----------------------------------------------  --------------------------------------------------------------------- 
     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 
         -----------------------------------------------  --------------------------------------------------------------------- 
              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                                    Purchase of 675,000 ordinary shares of 1p 
               transaction                                      each in the Company ("Ordinary Shares). 
         -----------------------------------------------  --------------------------------------------------------------------- 
     c.                   Price(s) and volume(s)                    Price(s)       Volume(s) 
                           *    Transaction 1 (Purchase)             9.00p          345,000 
                                                                               -------------- 
                                                                     11.5p          330,000 
                                                                               -------------- 
                           *    Transaction 2 
 
 
                          (purchase) 
         -----------------------------------------------  --------------------------------------------------------------------- 
     d.            Aggregated information                           Price(s)       Aggregated volume(s)       Aggregated Total 
                     *    Transaction 1                              9p             345,000                    GBP31,050.00 
                                                                               -------------------------  --------------------- 
                                                                     11.5p          330,000                    GBP37,950.00 
                    (purchase)                                                 -------------------------  --------------------- 
 
                     *    Transaction 2 
 
 
                    (purchase) 
         -----------------------------------------------  --------------------------------------------------------------------- 
     e.       Date of the transaction                          5/12/2018 
         -----------------------------------------------  --------------------------------------------------------------------- 
     f.       Place of the transaction                         London Stock Exchange 
         -----------------------------------------------  --------------------------------------------------------------------- 
 

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December 06, 2018 02:00 ET (07:00 GMT)