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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% | 3.05 | 3.00 | 3.10 | 3.05 | 3.05 | 3.05 | 1,080,043 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 5.12M | -4.78M | -0.0198 | -1.54 | 7.37M |
From Apr 2019 to Apr 2024
TIDMSCE
RNS Number : 4460J
Surface Transforms PLC
05 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")
Grant of Options
Surface Transforms plc (AIM: SCE) announces that it has granted options over 2,585,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under its existing share option scheme (the "Options") to a director, 2 executives being "people with direct management responsibility" (PDMR) and 14 employees. The Options for the director and PDMRs have been granted as follows:
Hot Features
Premium
Total options
Number of held following
Director Position options granted this grant
Dr Kevin Johnson CEO 1,910,000 4,175,000
PDMR
Geoff Whitfield Engineering Manager 75,000 498,595
Kerry Wood Quality Manager 150,000 350,000
The Options are exercisable at a price of 13 pence per share being the closing share price on 4 December 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, being awarded a contract for a volume road car from a mainstream volume OEM and generating revenue in a financial year of not less than GBP5 million.
The vesting of the options for the 14 employees are over three years for middle managers or after six months satisfactory service for other employees, 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 Options No. of Existing Ordinary
Shares
Dr Kevin Johnson 4,175,000 124,000
For enquiries, please contact:
Surface Transforms plc
Kevin Johnson, CEO +44 151 356 2141
Michael Cunningham CFO +44 151 348 8882
David Bundred, Chairman +44 7785 388 848
Cantor Fitzgerald Europe (Nomad & Joint-Broker) +44 20 7894 7000
David Foreman, Richard Salmond, Michael Boot
(Corporate Finance)
Caspar Shand Kydd, Gregor Paterson (Sales)
FinnCap Ltd (Joint-Broker) +44 20 7220 0500
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 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 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 of Options over ordinary shares of 1p each
the financial
instrument, type ISIN: GB0002892528
of instrument
Identification
Code
--------------------------------------- ---------------------------------------------
b. Nature of the Grant of options over 1,910,000 ordinary
transaction shares of 1 pence
--------------------------------------- ---------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
Not applicable 1,910,000
--------------
--------------------------------------- ---------------------------------------------
d. Aggregated information Not applicable
--------------------------------------- ---------------------------------------------
e. Date of the transaction 5 December 2018
--------------------------------------- ---------------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------------- ---------------------------------------------
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 Whitefield
-------------------------------------------------
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 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 of Options over ordinary shares of 1p each
the financial
instrument, type ISIN: GB0002892528
of instrument
Identification
Code
--------------------------------------- -------------------------------------------------
b. Nature of the Grant of options over 75,000 ordinary shares
transaction of 1 pence
--------------------------------------- -------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
Not applicable 75,000
--------------
--------------------------------------- -------------------------------------------------
d. Aggregated information Not applicable
--------------------------------------- -------------------------------------------------
e. Date of the transaction 5 December 2018
--------------------------------------- -------------------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------------- -------------------------------------------------
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 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 of Options over ordinary shares of 1p each
the financial
instrument, type ISIN: GB0002892528
of instrument
Identification
Code
--------------------------------------- -------------------------------------------------
b. Nature of the Grant of options 150,000 ordinary shares
transaction of 1 pence
--------------------------------------- -------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
Not applicable 150,000
--------------
--------------------------------------- -------------------------------------------------
d. Aggregated information Not applicable
--------------------------------------- -------------------------------------------------
e. Date of the transaction 5 December 2018
--------------------------------------- -------------------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------------- -------------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
DSHDZLFBVLFZFBL
(END) Dow Jones Newswires
December 05, 2018 02:01 ET (07:01 GMT)
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