REG - Solid State PLC - Transaction in Own Shares

Solid StateAnnouncement

13/12/2022 07:00

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RNS Number : 4525J  Solid State PLC  13 December 2022

 

13 December 2022

 

Solid State plc

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

 

Transaction in Own Shares

 

Solid State plc (AIM: SOLI), the  specialist value added component supplier
and design-in manufacturer of computing, power, and communications products,
announces that on 12 December 2022 it purchased 15,000 of its own ordinary
shares of 5p each ("Ordinary Shares") at a price of 1355 pence to be held as
treasury shares.

 

The Company now holds 21,946 Ordinary Shares in treasury, and it is
anticipated that these shares will principally be used to satisfy future
awards under the Company's Staff All Employee Share Ownership Plan.

 

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the
Company hereby notifies the market that immediately following this purchase
for treasury its issued share capital will remain the same and consist of
11,322,394 Ordinary Shares of which 21,946 are held in Treasury. Therefore,
the total number of voting rights in the Company is 11,300,448. 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 and Transparency
Rules.

 

 

 

For further information please contact:

 

 Solid State plc
 Gary Marsh - Chief Executive                       Via Walbrook

 Peter James - Group Finance Director

 WH Ireland (Nominated Adviser & Joint Broker)      020 7220 1666
 Mike Coe / Sarah Mather (Corporate Finance)

 Fraser Marshall (Corporate Broking/ Sales)

 finnCap (Joint Broker)                             020 7220 0500

 Ed Frisby (Corporate Finance)

 Rhys Williams / Tim Redfern (Sales / ECM)

 Walbrook PR (Financial PR)                         020 7933 8780
 Tom Cooper / Nick Rome                             0797 122 1972
                                                    tom.cooper@walbrookpr.com (mailto:tom.cooper@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 4 acquisitions in
the last 5 years.

 

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