Surface Transforms PLC Director/PDMR Shareholding

Data : 28/03/2019 @ 08:02
Fonte : UK Regulatory (RNS & others)
Titolo : Surface Transforms Plc (SCE)
Quotazione : 27.0  -1.0 (-3.57%) @ 13:11
Quotazione Surface Transforms Grafico

Surface Transforms PLC Director/PDMR Shareholding

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TIDMSCE

RNS Number : 2383U

Surface Transforms PLC

28 March 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")

Grant of Options

Surface Transforms plc (AIM: SCE) announces that it has granted options over 210,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under its existing share option scheme (the "Options") to an executive, being "a person with with direct management responsibility" (PDMR) as follows:

 
                                                                            Total options 
                                                       Number of            held following 
     PDMR                  Position                  options granted          this grant 
 
                           Senior Operations 
     Stephen Harvey         Manager                     210,000                210,000 
 
 

The Options are exercisable at a price of 15.25 pence per share being the closing share price on 25 March 2019

The vesting of the Options is conditional on the continued employment of the option holder as well as the satisfaction of certain financial and non-financial performance conditions. The Options will vest in one-third tranches upon production cell OEM1 being fully operational, the Company achieving an agreed (but commercially confidential) target cost for the manufacture of a carbon ceramic disc and generating revenue in a financial year of not less than GBP5m sales.

For enquiries, please contact:

Surface Transforms plc +44 151 356 2141

Kevin Johnson, CEO

Michael Cunningham, CFO

David Bundred, Chairman

   Cantor Fitgerald Europe (Nomad & Joint Broker)                            +44 20 7894 7000 

David Foreman/ Michael Boot (Corporate Finance)

Caspar Shand Kydd/Gregor Paterson/Maisie Atkinson (Sales)

finnCap Ltd (Joint Broker) +44 20 7220 0500

Ed Frisby/Giles Rolls (Corporate Finance)

Richard Chambers (ECM)

This announcement has been released by Kevin Johnson, Chief Executive Officer, on behalf of the Company.

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 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                                     Stephen Harvey 
                                                  -------------------------------------------------- 
     2        Reason for notification 
         ---------------------------------------  -------------------------------------------------- 
     a.       Position/Status                          PDMR 
                                                        Senior Operations Manager 
         ---------------------------------------  -------------------------------------------------- 
     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 over ordinary shares of 1p each 
               the financial 
               instrument, type                         ISIN: GB0002892528 
               of instrument 
 
               Identification 
               Code 
         ---------------------------------------  -------------------------------------------------- 
     b.       Nature of the                            Grant of options over 210,000 ordinary shares 
               transaction                              of 1 pence 
         ---------------------------------------  -------------------------------------------------- 
     c.                   Price(s) and volume(s)            Price(s)              Volume(s) 
                                                             Not applicable        210,000 
                                                                              -------------- 
         ---------------------------------------  -------------------------------------------------- 
     d.                   Aggregated information       Not applicable 
         ---------------------------------------  -------------------------------------------------- 
     e.       Date of the transaction                  26 March 2019 
         ---------------------------------------  -------------------------------------------------- 
     f.       Place of the transaction                 London Stock Exchange 
         ---------------------------------------  -------------------------------------------------- 
 

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.

END

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March 28, 2019 03:02 ET (07:02 GMT)

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