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SOLID STATE PLC — Director's Dealing 2020
Jan 13, 2020
7923_dirs_2020-01-13_fdf7c555-8f62-4fb0-b171-255e451a280f.html
Director's Dealing
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National Storage Mechanism | Additional information
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RNS Number : 6498Z
Solid State PLC
13 January 2020
13 January 2020
Solid State plc
("Solid State", the "Group" or the "Company")
Exercise of options
Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, announces that it has issued and allotted 16,000 ordinary shares of 5 pence each ("Ordinary Shares") to Gary Marsh (Chief Executive) pursuant to the exercise of share options at 0.1 pence per share under the Company's LTIP EMI Option Agreement.
Accordingly, application has been made for the 16,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 14 January 2020 ("Admission").
Following the exercise of options, Mr Marsh's beneficial holding will be 296,795 Ordinary Shares, representing 3.48 per cent. of the Company's voting share capital.
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 8,548,878 Ordinary Shares of 5 pence each of which 29,374 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,519,504. 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 FSA's Disclosure and Transparency Rules.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gary Marsh
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
Identification code
Ordinary shares of 5p each
GB0008237132
b)
Nature of the transaction
Exercise of Options
c)
Price(s) and volume(s)
Exercise
| Price(s) | Volume(s) |
| 0.1p | 16,000 |
d)
Aggregated information
- Aggregated volume
- Price
16,000
£16.00
e)
Date of the transaction
13 January 2020
f)
Place of the transaction
London Stock Exchange, AIM
For further information please contact:
| Solid State plc | 01527 830 630 |
| Gary Marsh - Chief Executive Peter James - Group Finance Director |
[email protected] |
| WH Ireland (Nominated Adviser & Joint Broker) | 0117 945 3470 |
| Mike Coe / Chris Savidge (Corporate Finance) Jasper Berry / David Kilbourn (Corporate Broking / Sales) |
|
| finnCap (Joint Broker) Ed Frisby / Kate Bannatyne (Corporate Finance) Emily Morris / Rhys Williams (Corporate Broking / Sales) |
020 7220 0500 |
| Walbrook PR (Financial PR) | 020 7933 8780 |
| Tom Cooper / Paul Vann | 0797 122 1972 |
| [email protected] |
Notes to Editors:
Solid State plc (SOLI) is a value added electronics group supplying industrial and military markets with ruggedised/durable components, assemblies and manufactured units for use in harsh environments. The Group's mantra is - 'Trusted technology for demanding applications'. To see an introductory video on the Group - https://youtu.be/bp4WfLCEc5Y
Operating through two main divisions: Manufacturing (Steatite) and Value Added Distribution (Solid State Supplies & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic and optoelectronic products.
Headquartered in Redditch, Solid State employs over 200 staff across the UK with a branch office in the USA, serving specialist markets in oil & gas production, transportation, medical, construction, security, military and field maintenance.
Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made 10 acquisitions.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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