Surface Transforms Award of 2024 LTIP share options

Surface Transforms plc (LON:SCE), manufacturers of carbon fibre reinforced ceramic automotive brake discs, has announced that it has granted, in total, 50.8m share options to three PDMRs and seven non-PDMR senior managers pursuant to its long term incentive plan (LTIP) approved by shareholders at the 2023 AGM.

Kevin Johnson (CEO) has been awarded 16.1m Options, Isabelle Maddock (CFO) 8.8m, Stephen Easton (COO) 7.7m and the seven other senior managers a total of 18.3m. The exercise price of the Options is 1.7099 pence being the 20 business day volume weighted average price (VWAP) up to Friday 9 August. The Options represent 3.9% of the total issued share capital of the Company.

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