Surface Transforms plc (LSE:SCE) has announced that Gareth Laker, a senior executive and person discharging managerial responsibilities, has increased his stake in the company through the purchase of 205,905 ordinary shares at 2.428 pence per share. Following this transaction, Laker now holds 445,115 shares, representing approximately 0.034% of the company’s total voting rights. The purchase underscores insider confidence in Surface Transforms’ strategic direction and its innovative position within the automotive brake disc market.
While the company continues to face financial headwinds and exhibits mixed technical performance, recent operational progress and growing insider ownership suggest renewed optimism about long-term prospects. Ongoing improvements in manufacturing efficiency and order fulfillment are viewed as positive indicators for future stability and growth.
About Surface Transforms
Surface Transforms plc is a UK-based manufacturer of carbon-ceramic brake discs, serving leading global automotive OEMs. It is the only producer of carbon-ceramic brake discs in the UK and one of just two major suppliers worldwide. The company’s proprietary technology delivers lightweight, high-performance braking solutions suitable for both internal combustion and electric vehicles. Compared to traditional iron discs, its products offer significant advantages—including reduced weight, enhanced durability, and superior braking performance.
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