REG - Solid State PLC - Director/PDMR Shareholding

Solid StateAnnouncement

02/07/2020 07:01

RNS Number : 7702R
  
Solid State PLC
  
02 July 2020
  
 

 
 
2 July 2020
 
Solid State plc
("Solid State", the "Group" or the "Company")
Exercise of options, Total Voting Rights and director dealing.
 
Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, announces that it has issued and allotted 16,000 ordinary shares of 5 pence each ("Ordinary Shares") to John L Macmichael  (Divisional MD) pursuant to the exercise of share options at 0.1 pence per share under the Company's LTIP EMI Option Agreement.
 
Accordingly, application has been made for the 16,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 6 July 2020 ("Admission").
 
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 8,564,878 Ordinary Shares of 5 pence each of which 7,374 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,557,504. 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 FSA's Disclosure and Transparency Rules. 
 
The Company has been informed that on 1 July 2020, John L Macmichael  (Divisional MD), sold 16,000 Ordinary Shares at 520 pence per share. 
 
Following the exercise and sale John L Macmichael  (Divisional MD) continues to hold 122,373 Ordinary Shares, representing 1.43%. of the Company's voting share capital. 
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail. 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name


Mr John L Macmichael




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




c) 
 


Price(s) and volume(s) 
 
 
Exercise
 
Sale
 


 



Price(s)
 


Volume(s)




0.1p
 
520p
 


16,000
 
16,000
 
 








d) 
 


Aggregated information 
 
 
- Aggregated exercise volume 
- Aggregated sale volume
 
- Aggregated exercise price 
- Aggregated sale price 
 
 


 
 
 
16,000
16,000
 
£16
£83,200




e) 
 


Date of the transaction 
 


1 July 2020




f) 
 


Place of the transaction 
 


London Stock Exchange, AIM



 
 
For further information please contact:
 



Solid State plc 


01527 830 630




Gary Marsh - Chief Executive
Peter James - Group Finance Director


investor.information@solidstateplc.com 














WH Ireland (Nominated Adviser & Joint Broker)


0117 945 3470




Mike Coe / Ed Allsopp (Corporate Finance)
Jasper Berry / David Kilbourn (Corporate Broking / Sales)
 








finnCap (Joint Broker)
Ed Frisby / Kate Bannatyne (Corporate Finance)
Emily Morris / Rhys Williams (Corporate Broking / Sales)


020 7220 0500














Walbrook PR (Financial PR)      


020 7933 8780




Tom Cooper / Paul Vann


0797 122 1972








tom.cooper@walbrookpr.com  



 
Notes to Editors:
 
Solid State plc (SOLI) is a value added electronics group supplying industrial and military markets with ruggedised/durable components, assemblies and manufactured units for use in harsh environments.  The Group's mantra is - 'Trusted technology for demanding applications'.  To see an introductory video on the Group - https://youtu.be/bp4WfLCEc5Y 
 
Operating through two main divisions: Manufacturing (Steatite) and Value Added Distribution (Solid State Supplies & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic and optoelectronic products.
 
Headquartered in Redditch, Solid State employs over 200 staff across the UK with a branch office in the USA, serving specialist markets in oil & gas production, transportation, medical, construction, security, military and field maintenance.  
 
Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition - having made 10 acquisitions.
 


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