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RNS Number : 2344J Solid State PLC 04 April 2024
Solid State plc
("Solid State", the "Group" or the "Company")
PDMR Dealings
Solid State plc (AIM: SOLI), the specialist value-added component supplier and
design-in manufacturer of computing, power, and communications products,
announces the following dealings in the Company's ordinary shares of 5p each
("Ordinary Shares") by certain directors and their persons closely associated.
Matthew Richards, Executive Director, has transferred 9,000 Ordinary Shares
from his personal holding to his wife, Lynette Richards, for nil
consideration. Lynette subsequently transferred Ordinary Shares from her
personal holdings to her ISAs, through the sale and subsequent repurchase of
Ordinary Shares.
Furthermore, Peter James, Chief Financial Officer, and his wife, Rosemary
James, have respectively transferred Ordinary Shares from their personal
holdings to their ISAs through sales and re-purchases of shares. Further
detail of these dealings are set out below.
Director/Person closely associated ("PCA") Date Nature of transaction Number of Ordinary Shares Price per share (£)
Peter James 27/03/2024 Sale from personal holding 1,527 13.10
Peter James 27/03/2024 Purchase into ISA 1,524 13.12
Rosemary James 28/03/2024 Sale from personal holding 1,502 13.25
Rosemary James 28/03/2024 Purchase into ISA 1,500 13.25
Rosemary James 27/03/2024 Purchase into ISA 6 13.325
Matthew Richards 03/04/2024 Transfer of shares to wife 9,000 Nil
Lynette Richards 03/04/2024 Sale from personal holding 1,500 13.30
Lynette Richards 03/04/2024 Purchase into ISA 1,500 13.32
The Company also announces that 9 existing Ordinary Shares have been
transferred to certain PDMRs following their election to automatically
reinvest dividends paid on shares held under the Company's All Employee Share
Plan.
Further detail is set out below.
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 Matthew Richards
2 Reason for the notification
a) Position/status Executive 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 Transfer of ordinary shares to wife, Lynette Richards, for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 9,000
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 3 April 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
3 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lynette Richards
2 Reason for the notification
a) Position/status Wife of Matthew Richards, Executive Director 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 ordinary shares from Matthew Richards via transfer for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
£Nil 9,000
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lynette Richards
2 Reason for the notification
a) Position/status Wife of Matthew Richards, Executive Director 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 Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and
ISA)
c) Price(s) and volume(s)
Price(s) Volume(s)
Sale 1330p 1,500
Purchase 1332p 1,500
d) Aggregated information
- Aggregated volume N/A - single transactions
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactions
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
AIMX
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 of ordinary shares to ISA via sale and subsequent repurchase (Bed and
ISA)
c) Price(s) and volume(s)
Price(s) Volume(s)
Sale 1310p 1,527
Purchase 1312p 1,524
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 27 March 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
27 March 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rosemary James
2 Reason for the notification
a) Position/status Wife of 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 Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and
ISA)
c) Price(s) and volume(s)
Price(s) Volume(s)
Sale 1325p 1,502
Purchase 1325p 1,500
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 28 March 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
28 March 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rosemary James
2 Reason for the notification
a) Position/status Wife of 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 Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase 1332.5p 6
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 27 March 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
27 March 2024
f)
Place of the transaction
AIMX
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 Acquisition of ordinary shares following dividend re-investment
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 2
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 22 February 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
22 February 2024
f)
Place of the transaction
Outside a trading venue
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 Acquisition of ordinary shares following dividend re-investment
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 3
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 22 February 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
22 February 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Macmichael
2 Reason for the notification
a) Position/status Executive 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 ordinary shares following dividend re-investment
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 2
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 22 February 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
22 February 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 Executive 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 ordinary shares following dividend re-investment
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 2
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 22 February 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
22 February 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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