REG - Solid State PLC - Exercise of Options, Director Dealing and TVR
24/02/2023 15:00
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RNS Number : 0393R Solid State PLC 24 February 2023
FOR IMMEDIATE RELEASE
24 February 2023
SOLID STATE PLC
("Solid State", the "Company" or the "Group")
Exercise of Options, Director Dealing and Total Voting Rights
Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power
and communications products, and value added supplier of electronic
components, announces that on 24 February 2023, options over a total of 24,000
ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") were
exercised under the Enterprise Management Incentive Scheme at an exercise
price of 0.1p by Gary Marsh, Chief Executive Officer, Pete James, Chief
Financial Officer and John Macmichael, Director.
The Company has also been notified that on 24 February 2023, 1,200 Ordinary
Shares were sold by Mrs Laura Marsh (the spouse of Gary Marsh) to cover the
costs associated with the exercise of options. In addition, it has been
notified that on 24 February 2023, Pete James and John Macmichael sold 1,200
Ordinary Shares each to cover the costs associated with the exercise of
options.
Details of the exercise of option and sale of shares are set out below:
Director Title Number of options exercised Number of Ordinary Shares Sold Total number of ordinary shares held post the exercise and sale % of total voting rights following the exercise of options**
Gary Marsh CEO 8,000 1,200* 288,676 2.5%
Pete James CFO 8,000 1,200 12,445 0.1%
John Macmichael Director 8,000 1,200 131,242 1.2%
Notes
* sold by Laura Marsh, spouse of Gary Marsh
**the shareholdings of the Directors and their spouses
Application has been made for the admission of the 24,000 new Ordinary Shares
to trading on AIM. The new Ordinary Shares will rank pari passu with the
existing Ordinary Shares. It is expected that Admission will become effective
at 8.00 a.m. on 27 February 2023.
Total Voting Rights
Following Admission, the Company's issued share capital will consist of
11,346,394 Ordinary Shares of which 21,946 Ordinary Shares are held in
treasury. Therefore, the total number of voting rights in the Company is
11,324,448. 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 and Transparency Rules.
For further information please contact:
Solid State plc
Gary Marsh - Chief Executive Via Walbrook
Peter James - Group Finance Director
WH Ireland (Nominated Adviser & Joint Broker) 020 7220 1666
Mike Coe / Sarah Mather (Corporate Finance)
Fraser Marshall (Corporate Broking / 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
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 Exercise of Options
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Exercise 0.1p 8,000
of
Options
d) Aggregated information
- Aggregated volume 8,000
- Price £8.00
e) Date of the transaction 24 February 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
8,000
£8.00
e)
Date of the transaction
24 February 2023
f)
Place of the transaction
London Stock Exchange, AIM
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
Ordinary shares of 5p each
Identification code
GB0008237132
b) Nature of the transaction Exercise of Options
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Exercise of Options 0.1p 8,000
d) Aggregated information
- Aggregated volume 8,000
£8.00
- Price
e) Date of the transaction 24 February 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
8,000
£8.00
e)
Date of the transaction
24 February 2023
f)
Place of the transaction
London Stock Exchange, AIM
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 Exercise of Options
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Exercise of Options 0.1p 8,000
d) Aggregated information
- Aggregated volume 8,000
£8.00
- Price
e) Date of the transaction 24 February 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
8,000
£8.00
e)
Date of the transaction
24 February 2023
f)
Place of the transaction
London Stock Exchange, AIM
Details of the person discharging managerial responsibilities / person closely
associated
Name Peter James
Reason for the notification
Position/status Chief Financial Officer
Initial notification /Amendment Initial Notification
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Solid State plc
LEI 213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument
Ordinary shares of 5p each
Identification code
GB0008237132
Nature of the transaction Sale of Shares
Price(s) and volume(s)
Type Price(s) Volume(s)
Sale £13.10 1,200
Aggregated information
- Aggregated volume 1,200
- Price £15,720
Date of the transaction 24 February 2023
Place of the transaction London Stock Exchange, AIM
Aggregated information
- Aggregated volume
- Price
1,200
£15,720
Date of the transaction
24 February 2023
Place of the transaction
London Stock Exchange, AIM
Details of the person discharging managerial responsibilities / person closely
associated
Name Laura Marsh
Reason for the notification
Position/status PCA (Spouse of Gary Marsh, CEO)
Initial notification /Amendment Initial Notification
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Solid State plc
LEI 213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument
Ordinary shares of 5p each
Identification code
GB0008237132
Nature of the transaction Sale of Shares
Price(s) and volume(s)
Type Price(s) Volume(s)
Sale £13.10 1,200
Aggregated information
- Aggregated volume 1,200
- Price £15,720
Date of the transaction 24 February 2023
Place of the transaction London Stock Exchange, AIM
Aggregated information
- Aggregated volume
- Price
1,200
£15,720
Date of the transaction
24 February 2023
Place of the transaction
London Stock Exchange, AIM
Details of the person discharging managerial responsibilities / person closely
associated
Name John Macmichael
Reason for the notification
Position/status Divisional Managing Director
Initial notification /Amendment Initial Notification
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Solid State plc
LEI 213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument
Ordinary shares of 5p each
Identification code
GB0008237132
Nature of the transaction Sale of Shares
Price(s) and volume(s)
Type Price(s) Volume(s)
Sale £13.10 1,200
Aggregated information
- Aggregated volume 1,200
- Price £15,720
Date of the transaction 24 February 2023
Place of the transaction London Stock Exchange, AIM
Aggregated information
- Aggregated volume
- Price
1,200
£15,720
Date of the transaction
24 February 2023
Place of the transaction
London Stock Exchange, AIM
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