TIDMSCE

RNS Number : 9100G

Surface Transforms PLC

30 November 2020

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 30 November 2020 that David Bundred, Chairman of the Company, and his wife sold and repurchased an aggregate 54,072 ordinary shares of 1p each in the Company ("Ordinary Shares") through a Bed and ISA arrangement.

Specifically, on 27 November 2020, David Bundred sold a total of 27,036 Ordinary Shares at a price of 46p per Ordinary Share and on the same date repurchased 27,036 Ordinary Shares at a price of 46.1p per Ordinary Share into his ISA fund. On 27 November 2020 his wife Stella Bundred sold 27,036 Ordinary Shares at a price of 46p per Ordinary Share and on the same date re purchased 27,036 shares at a price of 46.1p into her ISA fund

Following the above transactions, Mr Bundred remains beneficially interested in 1,310,025 Ordinary Shares amounting to 0.8% of the voting capital of the Company.

- Ends -

For Enquiries please contact

Surface Transforms plc. +44 151 356 2141

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

   Zeus Capital Limited (Nominated Advisor and Joint Broker)     +44 203 829 5000 

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

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker) +44 20 7220 0500

Ed Frisby / Giles Rolls (Corporate Finance)

Richard Chambers (ECM)

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                                          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 of                               Ordinary Shares of 1p each 
               the financial 
               instrument, type 
               of instrument 
                                                            ISIN: GB0002892528 
               Identification 
               Code 
         -------------------------------------------  ----------------------------------------------------------------- 
     b.       Nature of the                                Sale of 27,036 ordinary shares of 1p each 
               transaction                                  in the Company ("Ordinary Shares) where 27,036 
                                                            Ordinary Shares were immediately repurchased 
                                                            by him through a Bed and ISA arrangement, 
                                                            and 27,036 Ordinary Shares were sold by his 
                                                            wife and immediately re purchased by his 
                                                            wife through a Bed and ISA arrangement.. 
         -------------------------------------------  ----------------------------------------------------------------- 
     c.                   Price(s) and volume(s)                Price(s)       Volume(s) 
                                                                 46.0p          27,036 
                           *    Transaction 1 (sale)                       -------------- 
                                                                 46.1p          27,036 
                                                                           -------------- 
                                                                 46.0p          27,036 
                           *    Transaction 2                              -------------- 
                                                                 46.1p          27,036 
                                                                           -------------- 
                          (purchase) 
 
                           *    Transaction 3 
 
 
                          (sale) 
 
                           *    Transaction 4 (sale) 
         -------------------------------------------  ----------------------------------------------------------------- 
     d.       Aggregated information                            Price(s)       Aggregated volume(s)       Aggregated 
                                                                                                            Total 
                *    Transaction 1 (sale)                        46.0p          27,036                     GBP12,436.56 
                                                                           -------------------------  ----------------- 
                                                                 46.1p          27,036                     GBP12,463.60 
                                                                           -------------------------  ----------------- 
                *    Transaction 2                               46.0p          27,036                     GBP12,436.56 
                                                                           -------------------------  ----------------- 
                                                                 46.1p          27,036                     GBP12,463.60 
               (purchase)                                                  -------------------------  ----------------- 
 
                *    Transaction 3 (sale) 
 
 
 
                *    Transaction 4 (purchase) 
         -------------------------------------------  ----------------------------------------------------------------- 
     e.       Date of the transaction                      27/11/20 
         -------------------------------------------  ----------------------------------------------------------------- 
     f.       Place of the transaction                     London Stock Exchange 
         -------------------------------------------  ----------------------------------------------------------------- 
 

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END

DSHFIFSALILIVII

(END) Dow Jones Newswires

November 30, 2020 04:48 ET (09:48 GMT)

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