TIDMSCE

RNS Number : 2190V

Surface Transforms PLC

13 April 2021

13 April 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 12 April 2021 that David Bundred, Chairman of the Company, and his wife sold and repurchased an aggregate 57,628 ordinary shares of 1p each in the Company ("Ordinary Shares") through a Bed and ISA arrangement.

Specifically, on 12 April 2021, David Bundred sold a total of 28,814 Ordinary Shares at a price of 69.0p per Ordinary Share and on the same date repurchased 28,814 Ordinary Shares at a price of 69.1p per Ordinary Share into his ISA fund. On 12 April his wife Stella Bundred sold 28,814 Ordinary Shares at a price of 69.0p per Ordinary Share and on the same date re purchased 28,814 shares at a price of 69.1p 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 28,814 ordinary shares of 1p each 
               transaction                         in the Company ("Ordinary Shares") where 
                                                   28,814 Ordinary Shares were immediately repurchased 
                                                   by David Bundred through a Bed and ISA arrangement, 
                                                   and 28,814 Ordinary Shares were sold by his 
                                                   wife and immediately re purchased by his 
                                                   wife through a Bed and ISA arrangement. 
         ----------------------------------  ------------------------------------------------------------------------- 
     c.                   Price(s) and                 Transaction            Price(s)       Volume(s) 
                          volume(s)                 1. David Bundred 
                                                     sale                      69.0p          28,814 
                                                                          -------------  -------------- 
                                                    2. David Bundred 
                                                     repurchase                69.1p          28,814 
                                                                          -------------  -------------- 
                                                    3. Stella 
                                                     Bundred sale              69.0p          28,814 
                                                                          -------------  -------------- 
                                                    4. Stella 
                                                     Bundred repurchase        69.1p          28.814 
                                                                          -------------  -------------- 
         ----------------------------------  ------------------------------------------------------------------------- 
     d.                   Aggregated                   Transaction       Price(s)       Aggregated       Aggregated 
                          information                                                     volume(s)        Total 
                                                        1.                69.0p          28,814           GBP19,881.66 
                                                                     -------------  ---------------  ----------------- 
                                                        2.                69.1p          28,814           GBP19,910.47 
                                                                     -------------  ---------------  ----------------- 
                                                        3.                69.0p          28,814           GBP19,881.66 
                                                                     -------------  ---------------  ----------------- 
                                                        4.                69.1p          28,814           GBP19,910.47 
                                                                     -------------  ---------------  ----------------- 
         ----------------------------------  ------------------------------------------------------------------------- 
     e.       Date of the transaction             12/04/21 
         ----------------------------------  ------------------------------------------------------------------------- 
     f.       Place of the transaction            London Stock Exchange 
         ----------------------------------  ------------------------------------------------------------------------- 
 

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END

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April 13, 2021 02:00 ET (06:00 GMT)

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