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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Surface Transforms Plc | LSE:SCE | London | Ordinary Share | GB0002892528 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.45 | 3.40 | 3.50 | 3.45 | 3.45 | 3.45 | 1,098,017 | 07:34:36 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 5.12M | -4.78M | -0.0198 | -1.74 | 8.34M |
From Apr 2019 to Apr 2024
TIDMSCE
RNS Number : 9091A
Surface Transforms PLC
04 January 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")
Grant of Options
Surface Transforms plc (AIM: SCE) announces that it has granted options over 2,965,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under its existing share option scheme (the "Options") to a director, 5 executives being "people with direct management responsibility" (PDMR) and 22 employees. The Options for the director and PDMRs have been granted as follows:
Hot Features
Premium
Number of Total options
Director options held following
or PDMR Position granted this grant
David Bundred Chairman 450,000 1,000,000
Michael Cunningham Finance Director 990,000 990,000
Engineering
Geoff Whitfield Manager 215,000 500,180
Operations
Des Farrell Manager 300,000 500,000
European Sales
Michael Sinai Manager 250,000 350,000
Kerry Wood Quality Manager 200,000 200,000
The Options are exercisable at a price of 15.25 pence per share being the closing share price on 3 January 2018
The vesting of the Options for the director and PDMRs is conditional on the continued employment of the option holder as well as the satisfaction of certain financial and non-financial performance conditions. The Options will vest in one-third tranches upon the Company being awarded a contract on a track car from a mainstream volume OEM, being awarded a contract for a volume road car from a mainstream volume OEM and/or generating revenue in a financial year of not less than GBP5 million.
The vesting of the options for the 22 employees are over three years for middle managers or after six months satisfactory service for junior employess, both are dependent on continung employment of the option holder
Details of the director's resultant holdings of Ordinary Shares and options over Ordinary Shares are as follows:
Name Total No. of No. of Existing Ordinary
Options Shares
David Bundred 1,000,000 894,641
For enquiries, please contact:
Surface Transforms plc
Kevin Johnson, CEO +44 151 356 2141
David Bundred, Chairman +44 7785 388 848
Cantor Fitzgerald Europe (Nomad
& Joint-Broker) +44 20 7894 7000
David Foreman, Callum Butterfield
(Corporate Finance)
Alex Pollen (Sales)
FinnCap Ltd (Joint-Broker) +44 20 7220 0500
Stephen Norcross / Nikita Jain
(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 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 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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 450,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 450,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Michael Cunningham
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Finance Director
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 990,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 990,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Geoffrey Whitfield
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Engineering Manager
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 215,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 215,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Desmond Farrell
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Operations Manager
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 300,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 300,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Michael Sinai
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
European Sales Manager
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 250,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 250,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Kerry Wood
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Quality Manager
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options 200,000 ordinary
the transaction shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 200,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 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
DSHLLFVTLRIVIIT
(END) Dow Jones Newswires
January 04, 2018 02:00 ET (07:00 GMT)
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