REG - Solid State PLC - Exercise of Options, PDMR Dealings & TVR

Solid StateAnnouncement

25/09/2025 10:45

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RNS Number : 8370A  Solid State PLC  25 September 2025

25 September 2025

 

Solid State plc

("Solid State", the "Group" or the "Company")

Exercise of Options & PDMR Dealings

Total Voting Rights

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces that on 22 September 2025, Matthew Richards (Director) and Peter
James (Group Finance Director) exercised options over 52,000 and 40,000
ordinary shares of 5p each in the Company ("Ordinary Shares") respectively,
pursuant to the Company's Enterprise Management Incentive Scheme, at an
exercise price of 0.02 p per share. To satisfy these option exercises, the
Company has transferred a total of 92,000 existing ordinary shares from
Treasury to the beneficiaries.

Following the exercise of options, the Company announces that Pete James has
gifted 16,000 Ordinary Shares to his wife, Rosemary James.

As a result of these exercise, Pete James' total shareholding, including those
held by his persons associated has increased to 146,260 Ordinary Shares and
Matthew Richards' total shareholdings, including those persons closely
associated has increased to 147,732 Ordinary Shares.

Total Voting Rights

Following the exercise of options, the Company's issued share capital remains
the same at 57,081,720 Ordinary Shares and the number of shares held in
Treasury has reduced to 239,121 Ordinary Shares. Accordingly, the total number
of voting rights in the Company is now 56,842,599. 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 FCA's Disclosure Guidance and Transparency Rules.

 

 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

                                                                   Ordinary shares of 5p each

      Identification code

                                                                   GB0008237132

 b)   Nature of the transaction                                    1)   Exercise of options under the Company's Enterprise Management Incentive

                                                            (EMI) Scheme

                                                                   2)   Gift of ordinary shares to Rosemary James, spouse and PCA

 c)   Price(s) and volume(s)

Transaction  Type                               Price(s)                           Volume(s)

                                                            1.           Exercise of options                Exercise price of 0.02p per share  40,000
                                                                   2.           Gift of ordinary shares to spouse  Nil                                16,000

 d)   Aggregated information

      - Aggregated volume                                          1.   N/A - single transaction

                                                                   2.   N/A - single transaction

      - Price

 e)   Date of the transaction                                      1.   22 September 2025

                                                                   2.   22 September 2025

 f)   Place of the transaction                                     1.   Outside a trading venue

                                                                   2.   Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

1.   N/A - single transaction

2.   N/A - single transaction

 

e)

 

Date of the transaction

 

1.   22 September 2025

2.   22 September 2025

 

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

 

 

 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

                                                                   Ordinary shares of 5p each

      Identification code

                                                                   GB0008237132

 b)   Nature of the transaction                                    Acquisition of shares from Pete James via transfer for nil consideration

 c)   Price(s) and volume(s)

Type                            Price(s)  Volume(s)

                                                            Gift of shares from Pete James  Nil       16,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      22 September 2025

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

N/A - single transaction

 

e)

 

Date of the transaction

 

22 September 2025

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 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                                    Exercise of options under the Company's Enterprise Management Incentive (EMI)

                                                            Scheme

 c)   Price(s) and volume(s)

Type                 Price(s)                           Volume(s)

                                                            Exercise of options  Exercise price of 0.02p per share  52,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      22 September 2025

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

N/A - single transaction

 

e)

 

Date of the transaction

 

22 September 2025

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

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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