Surface Transforms PLC Director/PDMR Shareholding (5724N)
May 10 2018 - 2:01AM
UK Regulatory
TIDMSCE
RNS Number : 5724N
Surface Transforms PLC
10 May 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")
Director Dealing
Surface Transforms plc (AIM: SCE) announces that the Company was
notified on 9 May 2018 that Group 14 Ltd (a company controlled by
Richard Gledhill, a non executive director at Surface Transforms)
sold 1,800,000 ordinary shares of 1p each in the Company ("Ordinary
Shares") through a Bed and ISA arrangement to Richard Gledhill and
his wife Lorraine Gledhill.
Specifically, on 9 May 2018, Group 14 Ltd sold a total of
1,800,000 Ordinary Shares at a price of 16.23p per Ordinary Share
and on 9 May 2018 950,000 Ordinary Shares were repurchased by
Richard Gledhill at 16.25p and 850,000 Ordinary Shares were
repurchased at a price of 16.25p per Ordinary Share by his wife
Lorraine Gledhill.
Following the above transactions, Mr. Gledhill remains
beneficially interested in 13,431,755 Ordinary Shares which equates
to approximately 11.78 per cent. of the Company's total issued
share capital.
- Ends -
For enquiries, please contact:
Surface Transforms plc
Kevin Johnson, CEO +44 151 356 2141
David Bundred, Chairman +44 7785 388 848
Cantor Fitzgerald Europe (Nomad & Joint-Broker) +44 20 7894 7000
David Foreman, Richard Salmond (Corporate
Finance)
Alex Pollen (Sales)
FinnCap Ltd (Joint-Broker) +44 20 7220 0500
Stephen Norcross / Nikita Jain (Corporate
Broking)
Ed Frisby / Giles Rolls (Corporate Finance)
For further Company details, visit
www.surfacetransforms.com.
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 Richard Gledhill
------------------------------------------------------------------
2 Reason for notification
------------------------------------------- ------------------------------------------------------------------
a. Position/Status PDMR
Non executive director
------------------------------------------- ------------------------------------------------------------------
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 Ordinary Shares of 1p each
the financial
instrument, type
of instrument
ISIN: GB0002892528
Identification
Code
------------------------------------------- ------------------------------------------------------------------
b. Nature of the Sale of 1,800,000 ordinary shares of 1p each
transaction in the Company ("Ordinary Shares) where 950,000
Ordinary Shares were immediately repurchased
by Richard Gledhill through a Bed and ISA
arrangement, while 850,000 Ordinary Shares
were purchased by Richard's wife through
a Bed and ISA arrangement.
------------------------------------------- ------------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
16.23p 1,800,000
* Transaction 1 (sale) --------------
16.25p 950,000
--------------
16.25p 850,000
* Transaction 2 --------------
(purchase)
* Transaction 3
(purchase)
------------------------------------------- ------------------------------------------------------------------
d. Aggregated information Price(s) Aggregated volume(s) Aggregated
Total
* Transaction 1 (sale) 16.23p 1,800,000 GBP292,140.00
------------------------- ------------------
16.25p 950,000 GBP154,375.00
------------------------- ------------------
* Transaction 2 16.25p 850,000 GBP138,125.00
------------------------- ------------------
(purchase)
* Transaction 3
(purchase)
-
------------------------------------------- ------------------------------------------------------------------
e. Date of the transaction 09/05/2018
------------------------------------------- ------------------------------------------------------------------
f. Place of the transaction London Stock Exchange
------------------------------------------- ------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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