Surface Transforms PLC Exercise of Options (5647P)

TIDMSCE

RNS Number : 5647P

Surface Transforms PLC

18 February 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

Exercise of Options

Surface Transforms (AIM: SCE) announces that the Company was notified on 16 February 2021 that an employee, who is not a PDMR, has exercised options over a total of 20,000 ordinary shares of 1p each in the Company ("Ordinary Shares"). The shares were exercised at a price of 13p per Ordinary Share.

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 20,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 24 February 2020. Following Admission, the total number of voting rights in the Company will be 195,038,319 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 plc. [phone]

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

   Zeus Capital Limited (Nominated Advisor and Joint Broker)   [phone] 

David Foreman / Dan Bate/ Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker) [phone]

Ed Frisby / Giles Rolls (Corporate Finance)

Richard Chambers (ECM)

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEKZGMZRRFGMZG

(END) Dow Jones Newswires

February 18, 2021 03:54 ET (08:54 GMT)