SOLID STATE PLC — Director's Dealing 2024

Aug 27, 2024

National Storage Mechanism | Additional information

RNS Number : 8854B

Solid State PLC

27 August 2024

27 August 2024

Solid State plc

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

PDMR/PCA Dealings

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that Gary Marsh, Chief Executive Officer, effected a transfer of shares held by him to his and his spouse's ISAs through the following dealings. On 22 August 2024, Gary Marsh sold 2,997 ordinary shares of 5p each in the capital of the Company ("Ordinary  Shares") from his personal holding at a price of £13.35 per share. On 27 August 2024, he subsequently purchased 1,498 Ordinary Shares at a price of £13.44 into his ISA account and his spouse, Laura Marsh, also purchased 1,499 Ordinary Shares at a price of £13.44 per share into her ISA account.

Further detail is provided below in accordance with the EU Market Abuse Regulation.

For further information please contact:

Solid State plc Gary Marsh - Chief Executive Peter James - Group Finance Director	Via Walbrook
Cavendish Capital Markets Limited (Nominated Adviser & Broker) Adrian Hadden / Callum Davidson (Corporate Finance) Jasper Berry / Tim Redfern (Sales / ECM)	020 7397 8900 020 7220 0500
Walbrook PR  (Financial PR)                Tom Cooper / Nick Rome / Joe Walker	020 7933 8780 0797 122 1972 solidstate@walbrookpr.com

Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/

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  

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solsta & Pacer); 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 425 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 four years.

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

Identification code

Ordinary shares of 5p each

GB0008237132

b)

Nature of the transaction

Sale from personal holding and purchase by ISA

c)

Price(s) and volume(s)

	Date	Price(s)	Volume(s)
Sale	22 August 2024	1335p	2,997
Purchase by ISA	27 August 2024	1344p	1,498

d)

Aggregated information

- Aggregated volume

Sales

Purchase

- Price

Sales

Purchase

2,997

1,498

£40,009.95

£20,133,12

e)

Date of the transaction

Sale from personal holding - 22 August 2024

Purchase into ISA - 27 August 2024 

f)

Place of the transaction

AIMX

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Laura Marsh

2

Reason for the notification

a)

Position/status

PCA of Gary Marsh (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

Identification code

Ordinary shares of 5p each

GB0008237132

b)

Nature of the transaction

Purchase by ISA

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Purchase by ISA	1344p	1,499

d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

27 August 2024 

f)

Place of the transaction

AIMX

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUBVNRSUUWUAR