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SOLID STATE PLC — Transaction in Own Shares 2019
Jan 22, 2019
7923_rns_2019-01-22_d41879b9-fd5c-4305-ac2b-f88e16b1c1fe.html
Transaction in Own Shares
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RNS Number : 7919N
Solid State PLC
22 January 2019
22 January 2019
Solid State plc
("Solid State", the "Group" or the "Company")
Purchase of Own Shares
Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, announces that on 18 January 2019 it purchased 10,000 of its own ordinary shares of 5p each ("Ordinary Shares") at a price of 346 pence per share, all to be held as treasury shares. The Company now holds 47,394 Ordinary Shares in treasury.
It is anticipated that these shares will 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 8,532,878 Ordinary Shares of which 47,394 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,485,484. 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.
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 leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring computing, power and communications products and electronic component for use in harsh environments.
Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a component supplier to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.
Headquartered in Redditch, Solid State employs over 200 staff across five sites in the Uk with a sales office in the USA. Solid State operates through two main divisions: Manufacturing and Value Added Distribution.
Solid State was established in 1971 and admitted to AIM in June 1996.
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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