REG - Solid State PLC - Issue of Equity

Solid StateAnnouncement

05/10/2023 07:00

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RNS Number : 7191O  Solid State PLC  05 October 2023

 

 

5 October 2023

 

Solid State plc

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

Issue of Equity and 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 the issuance of 3,500 new ordinary shares of 5p each ("Ordinary
Shares") to satisfy an exercise of options by an employee of the Company.
Accordingly, an application has been made for 3,500 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 10(th) October 2023.

 

Total Voting Rights

Following Admission, the Company's issued share capital will consist of
11,349,894 Ordinary Shares of which 21,946 are held in treasury. Therefore,
the total number of voting rights in the Company following Admission will be
11,327,948. 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.

 

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Sole Broker has
changed its name to Cavendish Securities plc following completion of its own
corporate merger.

For further information please contact:

 

 Solid State plc                                            Via Walbrook

 Gary Marsh - Chief Executive

 Peter James - Group Finance Director
 Cavendish Securities plc (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=)

 

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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