SOLID STATE PLC

Director's Dealing • Nov 3, 2025

National Storage Mechanism | Additional information

RNS Number : 9701F

Solid State PLC

03 November 2025

3 November 2025

Solid State plc

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

PDMR & PCA Dealings

The Company announces the following transactions undertaken by certain persons discharging managerial responsibilities ("PDMRs") and their persons closely associated.

Matthew Richards, Director, has undertaken the following dealings together with PCAs involving 'Bed and ISA' transactions:

Date	Nature of transaction	Number of ordinary shares	Price per share
30 October	Gift of Ordinary Shares by Matthew to his spouse Lynette Richards	12,200	Nil consideration
30 October	Sale of Ordinary Shares by Matthew from personal holding	36,600	164.9
30 October	Purchase of Ordinary Shares by Matthew into his ISA	12,200	165.0
30 October	Purchase of Ordinary Shares by Matthew's children into their ISAs	24,400	165.0
31 October	Sale of Ordinary Shares by Lynette Richards	12,200	164.9
31 October	Purchase of Ordinary Shares by Lynette Richards into ISA	12,200	165.0

Following the above transactions, Matthew's shareholding, including those held by his persons closely associated, remains unchanged.

Pete James, Group Finance Director, has undertaken the following dealings together with PCAs involving 'Bed and ISA' transactions:

Date	Nature of transaction	Number of ordinary shares	Share price p
30 October	Sale of Ordinary Shares by Pete James from personal holding	23,700	155.0
30 October	Purchase of Ordinary Shares by Pete into his ISA	12,061	155.25
31 October	Purchase of Ordinary Shares by Pete into his ISA	843	150.0
30 October	Purchase of Ordinary Shares by Pete's children into their ISAs	11,570	155.52
30 October	Sale of Ordinary Shares by Rosemary James	12,309	162.5
30 October	Purchase of Ordinary Shares by Rosemary James into her ISA	12,299	162.5

Following these transactions, Pete's shareholding, including those held by his persons closely associated, has increased to 155,149 Ordinary Shares.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter James

2

Reason for the notification

a)

Position/status

Group Finance 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

1)   Sale of shares

2)   Purchase of shares into ISA

c)

Price(s) and volume(s)

Transaction	Type	Price(s)	Volume(s)
1.	Sale of shares	155.0	23,700
2.	Purchase of shares into ISA	155.25	12,061

d)

Aggregated information

- Aggregated volume

- Price

1.   N/A - single transaction

2.   N/A - single transaction

e)

Date of the transaction

1.   30 October 2025

2.   30 October 2025

f)

Place of the transaction

1.   London Stock Exchange - AIM

2.   London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter James

2

Reason for the notification

a)

Position/status

Group Finance 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

Purchase of shares into ISA

c)

Price(s) and volume(s)

Type	Price(s)	Volume(s)
Purchase of shares into ISA	150	843

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

31 October 2025

f)

Place of the transaction

London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rosemary James

2

Reason for the notification

a)

Position/status

Spouse and PCA of Pete James, Group Finance 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

1)   Sale of shares

2)   Purchase of shares into ISA

c)

Price(s) and volume(s)

Transaction	Type	Price(s)	Volume(s)
1.	Sale of shares	162.5	12,309
2.	Purchase of shares into ISA	162.5	12,299

d)

Aggregated information

- Aggregated volume

- Price

1.   N/A - single transaction

2.   N/A - single transaction

e)

Date of the transaction

1.   30 October 2025

2.   30 October 2025

f)

Place of the transaction

1.   London Stock Exchange - AIM

2.   London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William James

2

Reason for the notification

a)

Position/status

Son and PCA of Peter James, Group Finance 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

Purchase of shares into ISA

c)

Price(s) and volume(s)

Type	Price(s)	Volume(s)
Purchase of shares into ISA	155.52	5,786

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

30 October 2025 

f)

Place of the transaction

London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emily James

2

Reason for the notification

a)

Position/status

Daughter and PCA of Peter James, Group Finance 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

Purchase of shares into ISA

c)

Price(s) and volume(s)

Type	Price(s)	Volume(s)
Purchase of shares into ISA	155.52	5,784

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

30 October 2025 

f)

Place of the transaction

London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthew Richards

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

1.   Gift of ordinary shares to spouse, Lynette Richards

2.   Sale of shares

3.   Purchase of shares into ISA

c)

Price(s) and volume(s)

Transaction	Type	Price(s)	Volume(s)
1.	Gift of ordinary shares to spouse	Nil	12,200
2.	Sale of shares by Matthew	164.9	36,600
3.	Purchase of shares into ISA	165	12,200

d)

Aggregated information

- Aggregated volume

- Price

1.   N/A - single transaction

2.   N/A - single transaction

3.   N/A - single transaction

e)

Date of the transaction

1.   30 October 2025

2.   30 October 2025

3.   30 October 2025

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange - AIM

3.   London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lynette Richards

2

Reason for the notification

a)

Position/status

Spouse and PCA of Matthew Richards, 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

1.     Acquisition of shares from Matthew Richards via transfer for nil consideration

2.     Sale of shares

3.     Purchase of shares into ISA

c)

Price(s) and volume(s)

Transaction	Type	Price(s)	Volume(s)
1.	Gift of shares from Matthew Richards	Nil	12,200
2.	Sale of shares	164.9	12,200
3.	Purchase of shares into ISA	165p	12,200

d)

Aggregated information

- Aggregated volume

- Price

1.   N/A - single transaction

2.   N/A - single transaction

3.   N/A - single transaction

e)

Date of the transaction

1.   30 October 2025 

2.   31 October 2025

3.   31 October 2025

f)

Place of the transaction

1.   Outside a trading venue

2.   London Stock Exchange - AIM

3.   London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marcus Richards

2

Reason for the notification

a)

Position/status

Son and PCA of Matthew Richards, 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

Purchase of shares into ISA

c)

Price(s) and volume(s)

Type	Price(s)	Volume(s)
Purchase of shares into ISA	165	12,200

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

30 October 2025 

f)

Place of the transaction

London Stock Exchange - AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Henry Richards

2

Reason for the notification

a)

Position/status

Son and PCA of Matthew Richards, 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

Purchase of shares into ISA

c)

Price(s) and volume(s)

Type	Price(s)	Volume(s)
Purchase of shares into ISA	165	12,200

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

30 October 2025 

f)

Place of the transaction

London Stock Exchange - AIM

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 7220 0500
Walbrook PR (Financial PR)                Tom Cooper / Nick Rome / Joe Walker	020 7933 8780 0797 122 1972 [email protected]

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 (AIM: SOLI) is a leading value-added electronics group supplying industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State's products are found around the world, from the ocean floor and into space, ensuring the smooth operation of systems that augment our everyday lives.

The Company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.

Operating through two divisions (Systems and Components) the Group thrives on complex engineering challenges, often requiring design-in support and component sourcing. Serving a wide range of industries, with a particular focus on defence, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation, the Solid State trading brands have become synonymous with quality and reliability. The Group operates under the brands of Steatite, Solsta, Custom Power, Pacer, Active Silicon, Gateway and Durakool.

Solid State plc is headquartered in Redditch, UK, and employs over 400 people around the world. The business has seven production facilities in the UK and two in the USA. In total, including all office locations, the Group operates from 15 national and international sites.

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition - having made four acquisitions in the last four years.  

Take a look at the videos below for more insight into the Solid State Group.

Introduction to Solid State - https://youtu.be/1M_Q_B1mYic

Why invest in Solid State? - https://youtu.be/ShmTz6005ws

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