Surface Transforms PLC Grant of Options (1134Q)
24 Febbraio 2021 - 08:00AM
UK Regulatory
TIDMSCE
RNS Number : 1134Q
Surface Transforms PLC
24 February 2021
Surface Transforms plc
("Surface Transforms" or the "Company")
Grant of Options
Surface Transforms plc (AIM: SCE) announces that it has granted
options over 250,000 new ordinary shares of 1 pence each in the
Company ("Ordinary Shares") under its existing share option scheme
(the "Options") to 3 employees, one of whom is a PDMR.
The Options are exercisable at a price of 50.0 pence per
Ordinary Share. Ordinarily, the Company has granted share options
priced at the most recent closing price of the Ordinary Shares.
When Rebecca Hooper joined Surface Transforms in December 2020, the
Company was in advanced stages of the recently conducted Placing,
Subscription and Open Offer, as announced on 19 January 2021. The
Board concluded it was inappropriate to grant options at that time.
Given the circumstances however, the Board has priced this share
option award to Rebecca Hooper, at the same price as the issue
price of the recent fundraising, noting that this was higher that
the prevailing price when she joined the Company. Furthermore, it
was felt that those other employees being awarded share options now
should be treated the same and not disadvantaged by the fact that
the options were not awarded to them in January.
The vesting of the Options for all employees is conditional on
the continued employment of the option holder. For managers there
are also financial and non-financial performance conditions. The
Options will vest in one-third tranches upon meeting confidential
internal criteria.
For all employees below manager level, the Options will vest in
two years, subject to their continued employment.
For enquiries, please contact:
Surface Transforms plc
David Bundred, Chairman
Kevin Johnson, CEO
Michael Cunningham CFO +44 151 356 2141
Zeus Capital Limited (Nominated Advisor and
Joint Broker)
David Foreman / Dan Bate/ Jordan Warburton
(Corporate Finance)
Dominic King (Corporate Broking) +44 203 829 5000
finnCap Ltd (Joint-Broker)
Ed Frisby / Giles Rolls (Corporate Finance)
Richard Chambers (ECM) +44 20 7220 0500
Nottification 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 Rebecca Hooper-Rhiinds
---------------------------------------------
2 Reason for notification
------------------------- ---------------------------------------------
a. Position/Status PDMR
------------------------- ---------------------------------------------
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 Options under the Surface Transforms EMI
the financial approved share option scheme subject to the
instrument, type achievement of confidential financial and
of instrument non-financial conditions.
Identification
Code ISIN: GB0002892528
------------------------- ---------------------------------------------
b. Nature of the Award of Share Options
transaction
------------------------- ---------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
Grant of Option 50.0p 210,000
----------
------------------------- ---------------------------------------------
d. Aggregated information
N/A Single Transaction
------------------------- ---------------------------------------------
e. Date of the transaction 23/02/2021
------------------------- ---------------------------------------------
f. Place of the transaction London Stock Exchange, AIM
------------------------- ---------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHXXLLLFLLBBBV
(END) Dow Jones Newswires
February 24, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Surface Transforms (LSE:SCE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Surface Transforms (LSE:SCE)
Storico
Da Mar 2023 a Mar 2024