REG - Solid State PLC - Issue of Equity & PDMR Dealings

Solid StateAnnouncement

09/10/2024 16:30

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RNS Number : 5954H  Solid State PLC  09 October 2024

 

9 October 2024

 

Solid State plc

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

Exercise of Options

Issue of Equity

&

Directors' Dealings

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces that on 7 October 2024, options over a total of 65,000 new ordinary
shares of 5p each in Solid State Plc ("Ordinary Shares") were exercised under
the Company's Enterprise Management Incentive Scheme at an exercise price of
0.0002p by certain Directors, further details of which are set out below.

 Director          Title                   Number of options over new Ordinary Shares exercised    Total number of Ordinary Shares held following the exercise on Admission**  % of enlarged total voting rights following the exercise on Admission**
 Peter James       Group Finance Director  40,000                                                  106,265                                                                     0.19
 Matthew Richards  Director                25,000                                                  87,185                                                                      0.15

 

Notes

**the shareholdings of the Directors and their persons closely associated

Application has been made for the admission of the 65,000 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
and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 11
October 2024.

Total Voting Rights

Following Admission, the Company's issued share capital will consist of
56,948,220 Ordinary Shares of which 35,980 Ordinary Shares are held in
treasury. Therefore, the total number of voting rights in the Company is
56,912,240. 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                                    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 0.0002p per share  40,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      7 October 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

 

7 October 2024

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 0.0002p per share  25,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      7 October 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

 

7 October 2024

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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