Surface Transforms Launches First Share Incentive Plan Allocation

Surface Transforms ( (GB:SCE) ) has issued an announcement.

Surface Transforms has announced the allocation of 21,462,860 ordinary shares under its Share Incentive Plan (SIP), aimed at incentivizing employees through share acquisition. This marks the first award under the SIP, approved in June 2023, with 37 employees participating, including key managerial figures. The initiative reflects the company’s commitment to employee engagement and aligns with its strategic goals, while the total voting rights remain unchanged, ensuring stability for shareholders.

More about Surface Transforms

Surface Transforms plc is a UK-based company that develops and produces carbon-ceramic material automotive brake discs. It is the only manufacturer of such brake discs in the UK and one of only two mainstream companies globally. The company serves major OEMs in the global automotive markets, utilizing its proprietary Carbon Ceramic Technology to create lightweight, durable brake discs for high-performance vehicles, including both internal combustion engine cars and electric vehicles.

YTD Price Performance: -26.09%

Average Trading Volume: 6,236,173

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.43M

See more data about SCE stock on TipRanks’ Stock Analysis page.