Surface Transforms PLC Appointment of Sales Director and Grant of Options (2143B)
28 Gennaio 2020 - 6:30PM
UK Regulatory
TIDMSCE
RNS Number : 2143B
Surface Transforms PLC
28 January 2020
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.
28 January 2020
Surface Transforms plc
("Surface Transforms" or the "Company")
Appointment of Sales Director and Grant of Options
Surface Transforms plc (AIM: SCE), manufacturer of carbon fibre
reinforced ceramic brake discs, announces that it has appointed
Leigh Welch as Sales Director (non Board) reporting directly to
Kevin Johnson, CEO of the Company. Leigh has more than 20 years
experience of sales roles in the automotive industry and joins
Surface Transforms from Delphi Technologies where he held the role
of Global Account Manager in the diesel fuel systems business.
Previously, Leigh had been Sales Director of the Robert Bosch
braking division based in Paris responsible for a product range
that included calipers, brake discs and brake sytem components.
The Company 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 Leigh Welch. The
Options are exercisable at a price of 26.0 pence per share being
the closing price on 27 January 2020.
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; the Company achieving
sales of over GBP5m in a financial year, winning additional
contracts that, together with existing contracts, fills OEM cell
one capacity and widening the customer base beyond those customers
with whom the Company currently has continuing or recent
contractual relationships.
Kevin Johnson (CEO) said: "it is a pleasure to welcome Leigh to
the Company. His general automotive sales experience and, more
particularly, his experience in brake system components will be
invaluable in our current sales campaigns with a number of
automotive OEMs. We look forward to working with him."
For enquiries, please contact:
Surface Transforms plc +44 151 356 2141
Kevin Johnson, CEO
Michael Cunningham, CFO
David Bundred, Chairman
Cantor Fitzgerald Europe (Nomad & Joint Broker) +44 20 7894 7000
David Foreman/ Michael Boot (Corporate Finance)
Caspar Shand Kydd/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 Leigh Welch
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2 Reason for notification
--------------------------------------- --------------------------------------------------
a. Position/Status PDMR
Sales Director
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b. Initial notification/ Initial Notification
Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Surface Transforms plc
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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
of instrument ISIN: GB0002892528
Identification
Code
--------------------------------------- --------------------------------------------------
b. Nature of the Grant of options over 210,000 ordinary shares
transaction of 1 pence each
--------------------------------------- --------------------------------------------------
c. Price(s) and volume(s) Exercise Price Volume(s)
26.0 pence 210,000
--------------
--------------------------------------- --------------------------------------------------
d. Aggregated information Not applicable
--------------------------------------- --------------------------------------------------
e. Date of the transaction 27January 2020
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f. Place of the transaction London Stock Exchange
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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
MSCPPUGPGUPUGMR
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January 28, 2020 12:30 ET (17:30 GMT)
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