Surface Transforms PLC Exercise of Options and Director Dealing (5599J)
December 06 2018 - 2:00AM
UK Regulatory
TIDMSCE
RNS Number : 5599J
Surface Transforms PLC
06 December 2018
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 Director Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was
notified on 5 December 2018 that Dr Kevin Johnson (CEO of Surface
Transforms Plc) exercised options over 675,000 ordinary shares of
1p each in the Company ("Ordinary Shares").
Specifically, on 5 December 2018, Dr Kevin Johnson purchased
345,000 Ordinary Shares at a price of 9p per Ordinary Share and
purchased 330,000 Ordinary Shares at a price of 11.5p.
Following the above transactions, Dr Johnson will be
beneficially interested in 799,000 Ordinary Shares, which equates
to approximately 0.6 per cent. of the Company's total issued share
capital.
Dr Johnson has advised that he intends to transfer all of these
shares to his SIPP but this will not change his beneficial interest
in the Company.
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 675,000 new Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence at
8.00 a.m. on 11 December 2018. Following Admission, the total
number of voting rights in the Company will be 123,710,416 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
Kevin Johnson, CEO +44 151 356 2141
Michael Cunningham CFO +44 151 348 8882
David Bundred, Chairman +44 7785 388 848
Cantor Fitzgerald Europe (Nomad & Joint-Broker) +44 20 7894 7000
David Foreman, Richard Salmond, Michael Boot
(Corporate Finance)
Caspar Shand Kydd, Gregor Paterson (Sales)
FinnCap Ltd (Joint-Broker) +44 20 7220 0500
Richard Chambers (Corporate Broking)
Ed Frisby / Giles Rolls (Corporate Finance)
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 Dr Kevin Johnson
---------------------------------------------------------------------
2 Reason for notification
----------------------------------------------- ---------------------------------------------------------------------
a. Position/Status PDMR
CEO
----------------------------------------------- ---------------------------------------------------------------------
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
----------------------------------------------- ---------------------------------------------------------------------
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
Identification
Code
----------------------------------------------- ---------------------------------------------------------------------
b. Nature of the Purchase of 675,000 ordinary shares of 1p
transaction each in the Company ("Ordinary Shares).
----------------------------------------------- ---------------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
* Transaction 1 (Purchase) 9.00p 345,000
--------------
11.5p 330,000
--------------
* Transaction 2
(purchase)
----------------------------------------------- ---------------------------------------------------------------------
d. Aggregated information Price(s) Aggregated volume(s) Aggregated Total
* Transaction 1 9p 345,000 GBP31,050.00
------------------------- ---------------------
11.5p 330,000 GBP37,950.00
(purchase) ------------------------- ---------------------
* Transaction 2
(purchase)
----------------------------------------------- ---------------------------------------------------------------------
e. Date of the transaction 5/12/2018
----------------------------------------------- ---------------------------------------------------------------------
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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