25 May 2022
Surface Transforms plc
("Surface Transforms" or the "Company")
Director Dealing
Surface Transforms (AIM: SCE) announces that the Company was notified on 24 May 2022 that David Bundred, non-executive chairman, and his wife have sold and re-purchased a total of 89,120 ordinary shares of 1p each in the Company ("Ordinary Shares") being a sale by Mr. Bundred of 44,560 Ordinary Shares at a price of 44.9p from his dealing account and a repurchase of 44,560 Ordinary Shares at 45p in his ISA. Similarly, Mrs. Bundred sold 44,560 Ordinary Shares from her dealing account at a price of 44.9p and repurchased these at a price of 45p in her ISA.
Following these transactions Mr. Bundred remains beneficially interested in 1,360,025 shares, representing 0.70% of the Company's issued share capital.
For enquiries, please contact:
Surface Transforms plc. +44 151 356 2141
David Bundred, Chairman
Kevin Johnson, CEO
Michael Cunningham CFO
Zeus (Nominated Adviser and Joint Broker) +44 203 829 5000
David Foreman / Dan Bate / Jordan Warburton (Investment Banking)
Dominic King (Corporate Broking)
finnCap Ltd (Joint-Broker) +44 20 7220 0500
Ed Frisby / Abigail Kelly (Corporate Finance)
Richard Chambers / Barney Hayward (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 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. David Bundred and his wife | |||||||||||||||
| 2 | Reason for notification |
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| a. | Position/Status | Non Executive Chairman | |||||||||||||||
| b. | Initial notification/ Amendment | 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 | |||||||||||||||
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| 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 the financial instrument, type of instrument | Ordinary Shares of 1p each ISIN: GB0002892528 | |||||||||||||||
| b. | Nature of the transaction | Transfer of shares to ISA
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| c. | Price(s) and volume(s) - Transaction 1 (Sale 24/05/2022)
- - Transaction 2 (Sale 24/05/2022)
- - Transaction 3 (Purchase 24/05/2022)
- -Transaction 4 (Purchase 24/05/2022)
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| d. | Aggregated information - Transaction 1 (Sale 24/05/2022) - Transaction 2 (Sale 24/05/2022) - Transaction 3 (Purchase 24/05/2022) -Transaction 4 (Purchase 24/05/2022)
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| e. | Date of the transaction | 24/05/2022 | |||||||||||||||
| f. | Place of the transaction | London Stock Exchange | |||||||||||||||
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