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 |
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)
|
| ||||||||||||
| 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)
|
| ||||||
| d)
| Aggregated information
|
N/A - single transaction | ||||||
| e)
| Date of the transaction
| 27 August 2024 | ||||||
| f)
| Place of the transaction
| AIMX | ||||||
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