SURFACE TRANSFORMS PLC

Remuneration Information • Nov 27, 2025

National Storage Mechanism | Additional information

RNS Number : 1702J

Surface Transforms PLC

27 November 2025

Surface Transforms plc

("Surface Transforms" or "the Company")

Award of 2025 LTIP share options

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic automotive brake discs, announces that it has granted options (the "New Options"), over a total of 89,250,000 ordinary shares of 1 pence each in the Company ("Ordinary  Shares"), under its existing long term incentive plan ("LTIP").

The New Options are exercisable at nil cost per share, with a vesting date of 28 April 2028, subject to the condition that the number of discs shipped and sold in any rolling twelve-month period prior to 28 April 2028 exceeds specified conditions.

After exercise, the participants in the LTIP will be subject to a two-year holding period and required to maintain a level of shareholding proportional to at least 50% of their salary.

The New Options are designed to incentivise and reward the newly installed Executive and Senior Management Team who have been tasked with stabilising and delivering output to a level that drives a profitable business. Details of the New Options, awarded to PDMRs and non-PDMRs are as follows:

Name	Role	No. of Ordinary Shares over which New Options granted
Kevin Johnson	Chief Executive Officer	39,250,000
Steve Harrison	Chief Financial Officer	14,500,000
Gareth Laker	Chief Operating Officer (non-Board)	10,000,000
		63,750,000
4 x senior managers (non-PDMRs)		25,500,000
Total		89,250,000

The New Options represent 6.85% of the total issued share capital of the Company. In addition, Kevin Johnson (CEO) has agreed to the surrender of all his previous existing options totalling 22.1m of options. As a result, existing share options together with the New Options  equals a total of 9.49% of issued share capital.

Furthermore, a non-dilutive cash settled LTIP, whose value will mirror the value of the shares subject to the share options at the vesting date and for which the same performance criteria apply (the "phantom share options") has been granted to these same individuals.

Except for Kevin Johnson and Steve Harrison who are being awarded New Options, the Directors of the Company consider that the terms of the awards are fair and reasonable insofar as its shareholders are concerned.

Ian Cleminson (Chair) said "The Company has endured a difficult period and there remains a lot of heavy lifting to deliver on the value that is inherent in the business. A key element in this transition has been to assemble an Executive and Senior Management Team that has the skills and competence required for the next phase of development and growth. The New Options are required to attract and retain the best talent who are focused on both delivering profitable growth and generating shareholder value with the volume vesting criteria set significantly above 2025 levels."

For enquiries, please contact:

Surface Transforms plc	+44 151 356 2141
Ian Cleminson, Chair
Kevin Johnson, CEO Steve Harrison, CFO
Zeus (Nominated Adviser and Broker)	+44 203 829 5000
David Foreman / James Edis / Ed Beddows (Investment Banking)
Dominic King (Corporate Broking)

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

1)    Kevin Johnson

2)    Steve Harrison

3)    Gareth Laker

2

Reason for notification

a.

Position/Status

1)    CEO

2)    CFO

3)    COO

b.

Initial notification/

Amendment

Initial Notification

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 the financial instrument, type of instrument

Identification Code

Ordinary Shares of 1p each

ISIN: GB0002892528

b.

Nature of the transaction

Grant of Options under Surface Transforms plc's 2025 LTIP

c.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
1)    Kevin Johnson	0.0p	39,250,000
2)    Steve Harrison	0.0p	14,500,000
3)    Gareth Laker	0.0p	10,000,000

d.

Aggregated information

Transaction	Price(s)	Aggregated volume(s)	Aggregated Total
Same as 4 (c )

e.

Date of the transaction

27 November 2025

f.

Place of the transaction

Outside a trading venue

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