TIDMSCE
RNS Number : 9091A
Surface Transforms PLC
04 January 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")
Grant of Options
Surface Transforms plc (AIM: SCE) announces that it has granted
options over 2,965,000 new ordinary shares of 1 pence each in the
Company ("Ordinary Shares") under its existing share option scheme
(the "Options") to a director, 5 executives being "people with
direct management responsibility" (PDMR) and 22 employees. The
Options for the director and PDMRs have been granted as
follows:
Number of Total options
Director options held following
or PDMR Position granted this grant
David Bundred Chairman 450,000 1,000,000
Michael Cunningham Finance Director 990,000 990,000
Engineering
Geoff Whitfield Manager 215,000 500,180
Operations
Des Farrell Manager 300,000 500,000
European Sales
Michael Sinai Manager 250,000 350,000
Kerry Wood Quality Manager 200,000 200,000
The Options are exercisable at a price of 15.25 pence per share
being the closing share price on 3 January 2018
The vesting of the Options for the director and PDMRs 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 the Company being awarded a contract on a track car from a
mainstream volume OEM, being awarded a contract for a volume road
car from a mainstream volume OEM and/or generating revenue in a
financial year of not less than GBP5 million.
The vesting of the options for the 22 employees are over three
years for middle managers or after six months satisfactory service
for junior employess, both are dependent on continung employment of
the option holder
Details of the director's resultant holdings of Ordinary Shares
and options over Ordinary Shares are as follows:
Name Total No. of No. of Existing Ordinary
Options Shares
David Bundred 1,000,000 894,641
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, Callum Butterfield
(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.
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 David Bundred
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Chairman
------- -------------------------- ------------------------------------------
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 450,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 450,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Michael Cunningham
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Finance 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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 990,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 990,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Geoffrey Whitfield
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Engineering 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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 215,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 215,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Desmond Farrell
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 300,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 300,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Michael Sinai
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
European Sales 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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options over 250,000
the transaction ordinary shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 250,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
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 Kerry Wood
------------------------------------------
2 Reason for
notification
------- -------------------------- ------------------------------------------
a. Position/Status PDMR
Quality 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 Options over ordinary shares of
of the financial 1p each
instrument,
type of instrument
ISIN: GB0002892528
Identification
Code
------- -------------------------- ------------------------------------------
b. Nature of Grant of options 200,000 ordinary
the transaction shares of 1 pence
------- -------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) -------------------- --------------
Not applicable 200,000
-------------------- --------------
------- -------------------------- ------------------------------------------
d. Aggregated Not applicable
information
------- -------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
------- -------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
------- -------------------------- ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFVTLRIVIIT
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January 04, 2018 02:00 ET (07:00 GMT)
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