Surface Transforms PLC Director Dealing (4582Y)
13 Maggio 2021 - 8:00AM
UK Regulatory
TIDMSCE
RNS Number : 4582Y
Surface Transforms PLC
13 May 2021
13 May 2021
Surface Transforms plc
("Surface Transforms" or the "Company")
Director Share Dealing
Surface Transforms (AIM: SCE) announces that the Company was
notified on 12 May 2021 that Matthew Taylor, non-executive
director, has purchased a total of 55,000 ordinary shares of 1p
each in the Company ("Ordinary Shares") comprising a purchase of
30,000 Ordinary Shares at a price of 66.5p on 11 May 2021 and
25,000 Ordinary Shares at a price of 67.0p on 12 May 2021.
Following these purchases, Matthew is beneficially interested in
55,000 Ordinary Shares.
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
David Foreman / Dan Bate / 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)
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
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 Mr Matthew Taylor
-----------------------------------------------------
2 Reason for notification
----------------------------------------------- -----------------------------------------------------
a. Position/Status Non Executive 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
----------------------------------------------- -----------------------------------------------------
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 Open market purchase of shares
transaction
----------------------------------------------- -----------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
* Transaction 1 (Purchase 11/05/2021) 66.5p 30,000
----------
67.0p 25,000
----------
* Transaction 2 (Purchase 12/05/2021)
----------------------------------------------- -----------------------------------------------------
d. Aggregated information Price(s) Aggregated volume(s) Aggregated Total
* Transaction 1 66.5 p 30,000 GBP19,950.00
--------------------- -----------------
67.0p 25,000 GBP16,750.00
(purchase 11/05/2021) --------------------- -----------------
* Transaction 2
(purchase 12/05/2021)
----------------------------------------------- -----------------------------------------------------
e. Date of the transaction 11/05/2021 & 12/05/2021
----------------------------------------------- -----------------------------------------------------
f. Place of the transaction London Stock Exchange
----------------------------------------------- -----------------------------------------------------
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END
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