Surface Transforms PLC Exercise of Options and Total Voting Rights (4229B)
02 June 2023 - 4:00PM
UK Regulatory
TIDMSCE
RNS Number : 4229B
Surface Transforms PLC
02 June 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
Exercise of Options and Total Voting Rights
Surface Transforms (AIM: SCE) announces that the Company was
notified on 1 June 2023 that an options holder, who is not a PDMR,
has exercised rights over 20,000 options in the Company at an
exercise price of 14.5p (the "Exercise").
Admission and Total Voting Rights
As a result of the Exercise, the Company will issue 20,000 new
ordinary shares of 1p each in the Company ("Ordinary Shares") which
will, when issued, rank pari passu in all respects with the
existing Ordinary Shares of the Company. Application will be made
for the 20,000 new Ordinary Shares to be admitted to trading on AIM
and dealings are expected to commence at 8.00 a.m. on 7 June 2023
("Admission"). Following Admission, the total number of voting
rights in the Company will be 241,693,233 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.
For enquiries, please contact:
Surface Transforms plc
David Bundred, Chairman
Kevin Johnson, CEO +44 151 356 2141
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment
Banking)
Dominic King (Corporate Broking) +44 203 829 5000
finnCap Limited (Joint Broker)
Ed Frisby / Abigail Kelly (Corporate Finance)
Andrew Burdis / Barney Hayward (ECM) +44 207 220 0500
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
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END
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