REG - Solid State PLC - Director/PDMR Shareholding
05/04/2023 10:30
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RNS Number : 4729V Solid State PLC 05 April 2023
5 April 2023
Solid State plc
("Solid State", the "Group" or the "Company")
PDMR/PCA Dealings
Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces that Matthew Richards, Director, effected a transfer of shares held
by him to his wife's ISA through the following dealings.
On 4 April 2023, Matthew Richards sold 960 ordinary shares of 5p each in the
capital of the Company ("Ordinary Shares") from his personal holding at a
price of 1122p pence per share and his wife, Lynette Richards, subsequently
purchased 960 Ordinary Shares at a price of 1125p per share into her ISA
account.
Furthermore, the Company announces that Rosemary James, wife of Peter James,
Group Finance Director transferred shares into her self-invested personal
pension ("SIPP") on 4 April 2023. This was effected through the sale of 3,125
Ordinary Shares from her personal holding at a price of 1122.5p per share and
purchase by her SIPP of 3,123 Ordinary Shares at a price of 1110p per share.
For further information please contact:
Solid State plc Via Walbrook
Gary Marsh - Chief Executive
Peter James - Group Finance Director
Cenkos Securities plc (Nominated Adviser & Joint Broker) 020 73978900
Adrian Hadden / Callum Davidson (Corporate Finance)
Alex Pollen / Jasper Berry (Sales)
finnCap (Joint Broker) 020 7220 0500
Ed Frisby (Corporate Finance)
Rhys Williams / Tim Redfern (Sales / ECM)
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Nick Rome 0797 122 1972
solidstate@walbrookpr.com (mailto:solidstate@walbrookpr.com)
Analyst Research Reports: For further analyst information and research see the
Solid State plc website: https://solidstateplc.com/research/
(https://urldefense.proofpoint.com/v2/url?u=https-3A__solidstateplc.com_research_&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=05PHl3GHdShYuaCii2fBRpoqaNr9B1d97X09daeosu0&m=JmX-gQVke87P3UDBxQzNglNm9FfzH5yZtIa_SmElSS4&s=ib8r3ul2tCaEvJ39SnR1LT7nCa7gAcRQzgO-kNoyZoM&e=)
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 (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.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rosemary James
2 Reason for the notification
a) Position/status PCA of Peter James (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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Sale from personal holding and purchase by SIPP
c) Price(s) and volume(s)
Type Date Price(s) Volume(s)
Sale 4 April 2023 1122.5p 3,125
Purchase by SIPP 4 April 2023 1110p 3,123
d) Aggregated information
- Aggregated volume N/A - sale of 3,125 shares undertaken as single transaction at 1122.5p per
share. Purchase of 3,123 shares undertaken as single transaction at 1110p per
share
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - sale of 3,125 shares undertaken as single transaction at 1122.5p per
share. Purchase of 3,123 shares undertaken as single transaction at 1110p per
share
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
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 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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Purchase of ordinary shares into SIPP
c) Price(s) and volume(s)
Type Date Price(s) Volume(s)
Purchase 4 April 2023 1125p 960
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 4 April 2023
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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Sale of ordinary shares
c) Price(s) and volume(s)
Type Date Price(s) Volume(s)
Sale 4 April 1122p 960
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 4 April 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
4 April 2023
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 ordinary shares
c)
Price(s) and volume(s)
Type Date Price(s) Volume(s)
Sale 4 April 1122p 960
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
4 April 2023
f)
Place of the transaction
London Stock Exchange, AIM
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