25 January 2024
Solid State
plc
("Solid
State", the "Group" or the "Company")
Exercise of Options &
Issue of Equity
&
Share
Transfer
Solid State plc (AIM: SOLI), the
specialist value added component supplier and design-in
manufacturer of computing, power, and communications products,
announces the issuance of 14,750 new ordinary shares of 5p each
("Ordinary Shares") to satisfy exercises of options by certain
employees under the Company Share Option Plan.
Furthermore, the Company announces
the issuance of 12,000 new Ordinary Shares into treasury. It is
anticipated that these shares will principally be used to satisfy
future awards under the Company's Staff All Employee Share
Ownership Plan.
An application has been made for a
total of 26,750 new Ordinary Shares to be admitted to trading on
AIM ("Admission"). These
shares will rank pari
passu with the Company's existing Ordinary Shares and it is
expected that Admission will become effective at 8.00 a.m. on 26
January 2024.
Total Voting Rights
Following Admission, the Company's
issued share capital will consist of 11,376,644 Ordinary Shares of
which 33,946 will be held in treasury. Therefore, the total number
of voting rights in the Company following Admission will be
11,342,698. 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 Guidance and Transparency
Rules.
PDMR Share Transfer
The Company also announces that
Peter James, Chief Financial Officer, has transferred 3,103
existing Ordinary Shares to his wife, Rosie James, for nil
consideration.
For
further information please contact:
|
Solid State plc
Gary Marsh - Chief
Executive
Peter James - Group Finance
Director
|
Via Walbrook
|
|
Cavendish Capital Markets Limited (Nominated Adviser & Broker)
Adrian Hadden / Callum Davidson
(Corporate Finance)
Jasper Berry / Tim Redfern (Sales /
ECM)
|
020 7397 8900
020 7220 0500
|
|
Walbrook PR (Financial
PR)
Tom Cooper / Nick Rome / Joe
Walker
|
020 7933 8780
0797 122 1972
solidstate@walbrookpr.com
|
Analyst Research Reports:
For further analyst information and research see
the Solid State plc website:
https://solidstateplc.com/research/
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Peter James
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Solid State plc
|
|
b)
|
LEI
|
213800QUHS9QTN5T1P62
|
|
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 5p
each
GB0008237132
|
|
b)
|
Nature of the transaction
|
Transfer to wife for nil
consideration
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
3,103
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
24
January 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Rosie James
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PCA of Peter James,
Chief Financial
Officer of Solid State
plc
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Solid State plc
|
|
b)
|
LEI
|
213800QUHS9QTN5T1P62
|
|
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 5p
each
GB0008237132
|
|
b)
|
Nature of the transaction
|
Acquisition of shares via transfer for nil
consideration
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
3,103
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
24
January 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Notes to Editors:
Solid State plc (SOLI) is a value
added electronics group supplying commercial, industrial and
defence markets with durable components, assemblies, manufactured
units and power units for use in specialist and harsh
environments. The Group's mantra is - 'Trusted
technology for demanding environments'. To see an
introductory video on the Group - https://bit.ly/3kzddx7
Operating through two main
divisions: Systems (Steatite, Active Silicon & Custom Power)
and Components (Solid State Supplies, Pacer, Willow Technologies
& AEC); the Group specialises in complex engineering challenges
often requiring design-in support and component sourcing for
computing, power, communications, electronic, electro-mechanical
and opto-electronic products.
Headquartered in Redditch, UK, Solid
State employs approximately 400 staff across the UK and US, serving
specialist markets with high barriers to entry in industrial,
defence and security, transportation, medical and
energy.
Solid State was established in 1971
and admitted to AIM in June 1996. The Group has grown
organically and by acquisition - having made three acquisitions in
the last three years.