TIDMSOLI
RNS Number : 0393R
Solid State PLC
24 February 2023
FOR IMMEDIATE RELEASE
24 February 2023
SOLID STATE PLC
("Solid State", the "Company" or the "Group")
Exercise of Options, Director Dealing and Total Voting
Rights
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
supplier of electronic components , announces that on 24 February
2023, options over a total of 24,000 ordinary shares of 5p each in
Solid State Plc ("Ordinary Shares") were exercised under the
Enterprise Management Incentive Scheme at an exercise price of 0.1p
by Gary Marsh, Chief Executive Officer, Pete James, Chief Financial
Officer and John Macmichael, Director.
The Company has also been notified that on 24 February 2023,
1,200 Ordinary Shares were sold by Mrs Laura Marsh (the spouse of
Gary Marsh) to cover the costs associated with the exercise of
options. In addition, it has been notified that on 24 February
2023, Pete James and John Macmichael sold 1,200 Ordinary Shares
each to cover the costs associated with the exercise of
options.
Details of the exercise of option and sale of shares are set out
below:
Director Title Number of Number of Total number % of total
options exercised Ordinary of ordinary voting
Shares Sold shares held rights
post the following
exercise the exercise
and sale of options**
Gary Marsh CEO 8,000 1,200* 288,676 2.5%
---------- ------------------- ------------- ------------- --------------
Pete James CFO 8,000 1,200 12,445 0.1%
---------- ------------------- ------------- ------------- --------------
John Macmichael Director 8,000 1,200 131,242 1.2%
---------- ------------------- ------------- ------------- --------------
Notes
* sold by Laura Marsh, spouse of Gary Marsh
**the shareholdings of the Directors and their spouses
Application has been made for the admission of the 24,000 new
Ordinary Shares to trading on AIM. The new Ordinary Shares will
rank pari passu with the existing Ordinary Shares. It is expected
that Admission will become effective at 8.00 a.m. on 27 February
2023.
Total Voting Rights
Following Admission, the Company's issued share capital will
consist of 11,346,394 Ordinary Shares of which 21,946 Ordinary
Shares are held in treasury. Therefore, the total number of voting
rights in the Company is 11,324,448. Shareholders may use this
figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Disclosure and
Transparency Rules.
For further information please contact:
Solid State plc
Gary Marsh - Chief Executive Via Walbrook
Peter James - Group Finance Director
WH Ireland (Nominated Adviser & Joint
Broker) 020 7220 1666
Mike Coe / Sarah Mather (Corporate
Finance)
Fraser Marshall (Corporate Broking
/ Sales)
finnCap (Joint Broker)
Ed Frisby (Corporate Finance)
Rhys Williams / Tim Redfern (Sales
/ ECM) 020 7220 0500
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Nick Rome 0797 122 1972
solidstate@walbrookpr.com
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gary Marsh
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Solid State plc
---------------------------- -------------------------------------
b) LEI 213800QUHS9QTN5T1P62
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Exercise of Options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Type Price(s) Volume(s)
Exercise
of
Options 0.1p 8,000
--------- ----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 8,000
- Price GBP8.00
---------------------------- -------------------------------------
e) Date of the transaction 24 February 2023
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Peter James
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Solid State plc
-------------------------- ---------------------------------------
b) LEI 213800QUHS9QTN5T1P62
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
-------------------------- ---------------------------------------
b) Nature of the transaction Exercise of Options
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Type Price(s) Volume(s)
Exercise
of Options 0.1p 8,000
--------- ----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 8,000
GBP8.00
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 24 February 2023
-------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Macmichael
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
-------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Solid State plc
-------------------------- ---------------------------------------
b) LEI 213800QUHS9QTN5T1P62
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
-------------------------- ---------------------------------------
b) Nature of the transaction Exercise of Options
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Type Price(s) Volume(s)
Exercise
of Options 0.1p 8,000
--------- ----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 8,000
GBP8.00
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 24 February 2023
-------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
Name Peter James
------------------------------------
Reason for the notification
Position/status Chief Financial Officer
------------------------------------
Initial notification Initial Notification
/Amendment
------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Solid State plc
------------------------------------
LEI 213800QUHS9QTN5T1P62
------------------------------------
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
Description of the
financial instrument, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
------------------------------------
Nature of the transaction Sale of Shares
------------------------------------
Price(s) and volume(s) Type Price(s) Volume(s)
Sale GBP13.10 1,200
---------- ----------
------------------------------------
Aggregated information
- Aggregated volume 1,200
- Price GBP15,720
------------------------------------
Date of the transaction 24 February 2023
------------------------------------
Place of the transaction London Stock Exchange, AIM
------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
Name Laura Marsh
------------------------------------
Reason for the notification
Position/status PCA (Spouse of Gary Marsh, CEO)
------------------------------------
Initial notification Initial Notification
/Amendment
------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Solid State plc
------------------------------------
LEI 213800QUHS9QTN5T1P62
------------------------------------
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
Description of the
financial instrument, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
------------------------------------
Nature of the transaction Sale of Shares
------------------------------------
Price(s) and volume(s) Type Price(s) Volume(s)
Sale GBP13.10 1,200
---------- ----------
------------------------------------
Aggregated information
- Aggregated volume 1,200
- Price GBP15,720
------------------------------------
Date of the transaction 24 February 2023
------------------------------------
Place of the transaction London Stock Exchange, AIM
------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
Name John Macmichael
------------------------------------
Reason for the notification
Position/status Divisional Managing Director
------------------------------------
Initial notification Initial Notification
/Amendment
------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Solid State plc
------------------------------------
LEI 213800QUHS9QTN5T1P62
------------------------------------
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
Description of the
financial instrument, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
------------------------------------
Nature of the transaction Sale of Shares
------------------------------------
Price(s) and volume(s) Type Price(s) Volume(s)
Sale GBP13.10 1,200
---------- ----------
------------------------------------
Aggregated information
- Aggregated volume 1,200
- Price GBP15,720
------------------------------------
Date of the transaction 24 February 2023
------------------------------------
Place of the transaction London Stock Exchange, AIM
------------------------------------
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END
TVRTIMITMTATBRJ
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February 24, 2023 09:58 ET (14:58 GMT)
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