REG - Solid State PLC - Issue of Equity and PDMR Share Transfer

Solid StateAnnouncement

25/01/2024 10:15

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RNS Number : 9233A  Solid State PLC  25 January 2024

 

 

25 January 2024

 

Solid State plc

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

Exercise of Options & Issue of Equity

&

Share Transfer

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces the issuance of 14,750 new ordinary shares of 5p each ("Ordinary
Shares") to satisfy exercises of options by certain employees under the
Company Share Option Plan.

 

Furthermore, the Company announces the issuance of 12,000 new Ordinary Shares
into treasury. It is anticipated that these shares will principally be used to
satisfy future awards under the Company's Staff All Employee Share Ownership
Plan.

 

An application has been made for a total of 26,750 new Ordinary Shares to be
admitted to trading on AIM ("Admission"). These shares will rank pari passu
with the Company's existing Ordinary Shares and it is expected that Admission
will become effective at 8.00 a.m. on 26 January 2024.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will consist of
11,376,644 Ordinary Shares of which 33,946 will be held in treasury.
Therefore, the total number of voting rights in the Company following
Admission will be 11,342,698. 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 Guidance and Transparency Rules.

 

PDMR Share Transfer

 

The Company also announces that Peter James, Chief Financial Officer, has
transferred 3,103 existing Ordinary Shares to his wife, Rosie James, for nil
consideration.

 

 

For further information please contact:

 

 Solid State plc                                                     Via Walbrook

 Gary Marsh - Chief Executive

 Peter James - Group Finance Director
 Cavendish Capital Markets Limited (Nominated Adviser & Broker)

 Adrian Hadden / Callum Davidson (Corporate Finance)                 020 7397 8900

 Jasper Berry / Tim Redfern (Sales / ECM)                            020 7220 0500
 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=)

 

 

 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                                    Transfer to wife for nil consideration

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £nil      3,103

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      24 January 2024

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

24 January 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Rosie James

 2    Reason for the notification

 a)   Position/status                                              PCA of Peter James, Chief Financial Officer 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                                    Acquisition of shares via transfer for nil consideration

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £nil      3,103

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      24 January 2024

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

24 January 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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.

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