Solid State PLC Director/PDMR Dealing (9395S)

TIDMSOLI

RNS Number : 9395S

Solid State PLC

22 March 2021

Solid State plc

("Solid State" or the "Company")

Director/PDMR Dealing

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added supplier of electronic components , announces that it has been informed that Peter Magowan, a Non-Executive Director of Solid State, purchased shares in the Company.

Following the dealing, Peter Magowan's holding is as follows:

 
 Name             Number of shares   Percentage (%) 
                   purchased          of Voting Share 
                                      Capital 
 Peter Magowan         4,000              0.05% 
                 -----------------  ----------------- 
 

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Peter Magowan 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
     -------------------------------  ---------------------------------- 
 b)   Initial notification             Initial Notification 
       /Amendment 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 5p each 
       type of instrument 
                                         GB0008237132 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Purchase 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP9.06     4,000 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume               4,000 
 
                                         GBP36,240 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          19 March 2021 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 

For further information please contact:

 
 Solid State plc                              Via Walbrook 
 Gary Marsh - Chief Executive                 [e-mail] 
  Peter James - Group Finance Director 
 
 WH Ireland (Nominated Adviser & 
  Joint Broker)                               0207 220 1666 
 Mike Coe / Chris Savidge (Corporate 
  Finance) 
  Jasper Berry / David Kilbourn (Corporate 
  Broking / Sales) 
 finnCap (Joint Broker) 
  Ed Frisby (Corporate Finance) 
  Rhys Williams / Tim Redfern (Sales 
  / ECM)                                      020 7220 0500 
 
 Walbrook PR (Financial PR)                   020 7933 8780 
 Tom Cooper / Nick Rome / Nicholas 
  Johnson                                     0797 122 1972 
                                              [e-mail] 
 

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 military markets with durable components, assemblies and manufactured units for use in specialist and harsh environments. The Group's mantra is - 'Trusted technology for demanding applications'. To see an introductory video on the Group - https://bit.ly/3kzddx7

Operating through two main divisions: Manufacturing (Steatite & Active Silicon) and Value Added Supplies (Solid State Supplies, Pacer, Willow Technologies & AEC); 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, Solid State employs over 275 staff across the UK with a production facility in the USA, serving specialist markets in oil & gas production, transportation, medical, construction, security, military and field maintenance.

Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made 12 acquisitions since 2002.

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March 22, 2021 03:00 ET (07:00 GMT)