PDMR & PCA Dealings
6 October 2026
Solid State plc
(“Solid State”, the “Group” or the “Company”)
PDMR & PCA Dealings
The Company announces the following transactions undertaken by certain persons discharging managerial responsibilities (“PDMRs”) and their persons closely associated.
Matthew Richards, Director, has undertaken the following dealings together with PCAs involving ‘Bed and ISA’ transactions:
Date
Nature of transaction
Number of ordinary shares
Price per share (p)
5 October
Sale of Ordinary Shares by Matthew from personal holding
12,000
164.9
5 October
Purchase of Ordinary Shares by Matthew into his ISA
12,000
165
5 October
Purchase of Ordinary Shares by Matthew’s children into their ISAs
24,000
165
5 October
Sale of Ordinary Shares by Lynette Richards
36,000
164.9
5 October
Purchase of Ordinary Shares by Lynette Richards into ISA
12,000
165
Following the above transactions, Matthew’s shareholding, including those held by his persons closely associated, remains unchanged.
Pete James, Group Finance Director, has undertaken the following dealings together with PCAs involving ‘Bed and ISA’ transactions:
Date
Nature of transaction
Number of ordinary shares
Price per share (p)
5 October
Sale of Ordinary Shares by Pete James from personal holding
23,176
163.987
5 October
Purchase of Ordinary Shares by Pete into his ISA
11,932
167.6
5 October
Purchase of Ordinary Shares by Pete’s children into their ISAs
10,808
166.45
6 October
Purchase of Ordinary Shares by Pete’s children into their ISAs
445
166
5 October
Sale of Ordinary Shares by Rosemary James
12,050
166
5 October
Purchase of Ordinary Shares by Rosemary James into her ISA
12,043
166
Following these transactions, Pete’s shareholding, including those held by his persons closely associated, has increased to 192,906 Ordinary Shares.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Peter James
2
Reason for the notification
a)
Position/status
Group Finance Director
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
- Sale of shares
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Transaction
Type
Price(s)
Volume(s)
Sale of shares
163.987
23,176
Purchase of shares into ISA
167.5
11,932
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
- 5 October 2026
- 5 October 2026
f)
Place of the transaction
- London Stock Exchange - AIM
- London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rosemary James
2
Reason for the notification
a)
Position/status
Spouse and PCA of Pete James, Group Finance Director
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
- Sale of shares
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Transaction
Type
Price(s)
Volume(s)
Sale of shares
166
12,050
Purchase of shares into ISA
166
12,043
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
- 5 October 2026
- 5 October 2026
f)
Place of the transaction
- London Stock Exchange - AIM
- London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
William James
2
Reason for the notification
a)
Position/status
Son and PCA of Peter James, Group Finance Director
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
- Purchase of shares into ISA
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Type
Price(s)
Volume(s)
1. Purchase of shares into ISA
166.6
5,399
2. Purchase of shares into ISA
166
220
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
1. 5 October 2026
2. 6 October 2026
f)
Place of the transaction
London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Emily James
2
Reason for the notification
a)
Position/status
Daughter and PCA of Peter James, Group Finance Director
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
- Purchase of shares into ISA
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Type
Price(s)
Volume(s)
1. Purchase of shares into ISA
166.3
5,409
- Purchase of shares into ISA
166
225
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
1. 5 October 2026
2. 6 October 2026
f)
Place of the transaction
London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matthew Richards
2
Reason for the notification
a)
Position/status
Director
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
- Sale of shares
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Transaction
Type
Price(s)
Volume(s)
Sale of shares by Matthew
164.9
12,000
Purchase of shares into ISA
165
12,000
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
- 5 October 2026
- 5 October 2026
f)
Place of the transaction
- London Stock Exchange - AIM
- London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lynette Richards
2
Reason for the notification
a)
Position/status
Spouse and PCA of Matthew Richards, Director
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
- Sale of shares
- Purchase of shares into ISA
c)
Price(s) and volume(s)
Transaction
Type
Price(s)
Volume(s)
Sale of shares
164.9
36,000
Purchase of shares into ISA
166p
12,043
d)
Aggregated information
- Aggregated volume
- Price
- N/A – single transaction
- N/A – single transaction
e)
Date of the transaction
- 5 October 2026
- 5 October 2026
f)
Place of the transaction
- London Stock Exchange - AIM
- London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marcus Richards
2
Reason for the notification
a)
Position/status
Son and PCA of Matthew Richards, Director
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
Purchase of shares into ISA
c)
Price(s) and volume(s)
Type
Price(s)
Volume(s)
Purchase of shares into ISA
165
12,000
d)
Aggregated information
- Aggregated volume
- Price
N/A – single transaction
e)
Date of the transaction
5 October 2026
f)
Place of the transaction
London Stock Exchange - AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Henry Richards
2
Reason for the notification
a)
Position/status
Son and PCA of Matthew Richards, Director
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
Purchase of shares into ISA
c)
Price(s) and volume(s)
Type
Price(s)
Volume(s)
Purchase of shares into ISA
165
12,000
d)
Aggregated information
- Aggregated volume
- Price
N/A – single transaction
e)
Date of the transaction
5 October 2026
f)
Place of the transaction
London Stock Exchange - AIM
For further information please contact:
Solid State plc
John Macmichael - Chief Executive Officer
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 7220 0500
Walbrook PR (Financial PR)
Tom Cooper / Nick Rome / Marcus Ulker
020 7933 8780
0797 122 1972
Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/
Notes to Editors:
Solid State plc (AIM: SOLI) is a leading value-added electronics group supplying industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State's products are found around the world, from the ocean floor and into space, ensuring the smooth operation of systems that augment our everyday lives.
The Company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.
Operating through three divisions (Systems, Power and Components) the Group thrives on complex engineering challenges, often requiring design-in support and component sourcing. Serving a wide range of industries, with a particular focus on defence, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation, the Solid State trading brands have become synonymous with quality and reliability. The Group operates under the brands of Steatite, Solsta, Custom Power, Pacer, Active Silicon, Gateway, Durakool and Q-Par.
Solid State plc is headquartered in Redditch, UK, and employs over 425 people around the world. The business has seven production facilities in the UK and one in the USA. In total, including all office locations, the Group operates from 13 national and international sites.
Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made five acquisitions in the last five years.
Take a look at the videos below for more insight into the Solid State Group.
Introduction to Solid State - https://youtu.be/1M_Q_B1mYic
Why invest in Solid State? - https://youtu.be/ShmTz6005ws
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