RNS Number : 4466S

Surface Transforms PLC

06 November 2019

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")

Exercise of Options and PDMR Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 5 November 2019 that two employees and an ex-employee have exercised options over a total of 65,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Specifically, on 5 November 2019, Mr Geoff Whitfield, a PDMR, exercised options over 15,000 Ordinary Shares at a price of 9p per Ordinary Share.

In addition, two other individuals have exercised options over 50,000 Ordinary Shares at a price of 9p per Ordinary Share.

Admission and Total Voting Rights

The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made for the 65,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 11 November 2019. Following Admission, the total number of voting rights in the Company will be 136,079,016 and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

- Ends -

For enquiries, please contact:

   Surface Transforms plc 
                                                                      +44 151 356 
 Kevin Johnson, CEO                                                          2141 
                                                                      +44 151 348 
 Michael Cunningham CFO                                                      8882 
                                                                     +44 7785 388 
 David Bundred, Chairman                                                      848 
 Cantor Fitzgerald Europe (Nomad & Joint-Broker) 
  David Foreman, Michael Boot (Corporate Finance)                     +44 20 7894 
  Caspar Shand Kydd, Maisie Atkinson (Sales)                                 7000 
   FinnCap Ltd (Joint-Broker) 
   Richard Chambers (Corporate Broking)                               +44 20 7220 
   Ed Frisby / Giles Rolls (Corporate Finance)                               0500 
   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 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 Geoff Whitfield 
        ----------------------------------------------------  ----------------------------------------------- 
 2 Reason for notification 
 a.      Position/Status                                       PDMR 
        ----------------------------------------------------  ----------------------------------------------- 
 b.      Initial notification/                                 Initial Notification 
        ----------------------------------------------------  ----------------------------------------------- 
 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 
        ----------------------------------------------------  ----------------------------------------------- 
 b.      Nature of the transaction                             Purchase of 675,000 ordinary shares of 1p 
                                                                each in the Company ("Ordinary Shares). 
        ----------------------------------------------------  ----------------------------------------------- 
 c.      Price(s) and volume(s)                                 Price(s)               Volume(s) 
           *    Transaction 1 (Purchase) 
        ----------------------------------------------------   ---------------------  --------------------- 
                                                                9.00p                  15,000 
  -----------------------------------------------------------  ---------------------  --------------------- 
 d.    Aggregated information              Price(s)   Aggregated volume(s)   Aggregated Total 
         *    Transaction 1 (purchase) 
                                           9p         15,000                 GBP1,350 
                                          ---------  ---------------------  ----------------- 
 e.    Date of the transaction            5 November 2019 
      ---------------------------------  ------------------------------------------------------ 
 f.    Place of the transaction           London Stock Exchange 
      ---------------------------------  ------------------------------------------------------ 

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(END) Dow Jones Newswires

November 06, 2019 04:00 ET (09:00 GMT)

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