Ceramic automotive brake technology developer Surface Transforms (LON: SCE) has had production problems and it continues to lose money. However, after the 2024 results announcement, chairman Ian Cleminson bought 2.69 million shares at 0.93p each, which takes his shareholding to 5.5 million shares. The new finance chief Steven Harrison, who is not on the board, acquired an initial 512,676 shares at 0.9753p each.
In early May, chief executive Kevin Johnson acquired 10.18 million shares at 0.3757p each. That took his stake to 14.95 million shares.
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Surface Transforms has been on AIM since...
