REG - Solid State PLC - Directors' Dealing
11/12/2024 07:00
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RNS Number : 5899P Solid State PLC 11 December 2024
11 December 2024
Solid State plc
("Solid State", the "Group" or the "Company")
Directors' Dealings
Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces the purchase of 54,342 ordinary shares of 5p each in the Company
("Ordinary Shares") by its board of directors and their persons closely
associated ("PCA") on 10 December. Further details of these share purchases
are as follows:
Director/PCA Identity Number of Ordinary Shares purchased Price per share (p) Resultant shareholding of Director (including their PCAs)
Gary Marsh Chief Executive Officer 7,476 133.75p 1,328,156
Rosemary James PCA of Peter James, Group Finance Director 7,595 131.5p 113,855
Nigel Rogers Non-Executive Chairman 7,900 134.5p (VWAP) 39,655
Lynette Richards PCA of Matthew Richards, Director 8,547 117.0p 95,732
John Macmichael Director 7,547 132.5p 545,422
Pete Magowan Non-Executive Director 7,577 132p (VWAP) 42,212
Sam Smith Non-Executive Director 7,700 130p 17,200
Further details are set out below.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gary Marsh
2 Reason for the notification
a) Position/status Chief Executive 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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 133.75p 7,476
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
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, Group Finance Director 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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 131.5p 7,595
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nigel Rogers
2 Reason for the notification
a) Position/status Non-Executive Chairman
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
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 137p 2,900
Purchase of shares 133p 5,000
d) Aggregated information
- Aggregated volume 7,900
- Price Volume weighted average price of 134.5p
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
7,900
Volume weighted average price of 134.5p
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
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 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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 117.0p 8,547
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John 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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 132.5p 7,547
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Pete Magowan
2 Reason for the notification
a) Position/status Non-Executive 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
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 132p 3,787
Purchase of shares 131.9p 3,790
d) Aggregated information
- Aggregated volume 7,577
- Price VWAP 132p
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
7,577
VWAP 132p
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sam Smith
2 Reason for the notification
a) Position/status Non-Executive 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
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Purchase of shares 130p 7,700
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 10 December 2024
f) Place of the transaction London Stock Exchange - AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
London Stock Exchange - AIMX
For further information please contact:
Solid State plc Via Walbrook
Gary Marsh - Chief Executive
Peter James - Group Finance Director
Cavendish Capital Markets Limited 020 7220 0500
(Nominated Adviser & Broker)
Adrian Hadden / Callum Davidson (Corporate Finance)
Jasper Berry / Tim Redfern (Sales / ECM)
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Nick Rome / Joe Walker 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 (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 two divisions (Systems 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 and Durakool.
Solid State plc is headquartered in Redditch, UK, and employs over 400 people
around the world. The business has seven production facilities in the UK and
two in the USA. In total, including all office locations, the Group operates
from 15 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 four acquisitions
in the last four 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
(https://urldefense.proofpoint.com/v2/url?u=https-3A__youtu.be_1M-5FQ-5FB1mYic&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=05PHl3GHdShYuaCii2fBRpoqaNr9B1d97X09daeosu0&m=3dW1DsO04w3fOD5H-7rw_kFgcxacpqn1XcdwanaeIt0GZ7CA-Ex3GbIRbrY8H0Qp&s=At43cSgB_l2_aLDoWAG1btwtdQsj0fGFEOvZuRER61Y&e=)
Why invest in Solid State? - https://youtu.be/ShmTz6005ws
(https://urldefense.proofpoint.com/v2/url?u=https-3A__youtu.be_ShmTz6005ws&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=05PHl3GHdShYuaCii2fBRpoqaNr9B1d97X09daeosu0&m=3dW1DsO04w3fOD5H-7rw_kFgcxacpqn1XcdwanaeIt0GZ7CA-Ex3GbIRbrY8H0Qp&s=BRSABtV1H6lx3GEpH8ZgxTINGT_PRgrBvEbFa-O11Yg&e=)
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