9 October 2024
Solid State plc
("Solid State", the "Group" or the "Company")
Exercise of Options
Issue of Equity
&
Directors' Dealings
Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that on 7 October 2024, options over a total of 65,000 new ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") were exercised under the Company's Enterprise Management Incentive Scheme at an exercise price of 0.0002p by certain Directors, further details of which are set out below.
| Director | Title | Number of options over new Ordinary Shares exercised | Total number of Ordinary Shares held following the exercise on Admission** | % of enlarged total voting rights following the exercise on Admission** |
| Peter James | Group Finance Director | 40,000 | 106,265 | 0.19 |
| Matthew Richards | Director | 25,000 | 87,185 | 0.15 |
Notes
**the shareholdings of the Directors and their persons closely associated
Application has been made for the admission of the 65,000 new Ordinary Shares to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 11 October 2024.
Total Voting Rights
Following Admission, the Company's issued share capital will consist of 56,948,220 Ordinary Shares of which 35,980 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 56,912,240. 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 FCA's Disclosure Guidance and Transparency Rules.
| 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
| Exercise of options under the Company's Enterprise Management Incentive (EMI) Scheme | ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||||
| e)
| Date of the transaction
| 7 October 2024 | ||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||
| 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
| Exercise of options under the Company's Enterprise Management Incentive (EMI) Scheme | ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction | ||||||
| e)
| Date of the transaction
| 7 October 2024 | ||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||
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 |
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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