Solid State PLC Director/PDMR Shareholding (2871H)

TIDMSOLI

RNS Number : 2871H

Solid State PLC

24 March 2020

24 March 2020

Solid State plc

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

Director Dealing

Solid State plc announces that it has been informed of the following dealing in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares"):

On 23 March 2020, Matthew Richards, Executive Director, purchased 1,250 Ordinary Shares at a price of 280 pence per share. Following this purchase, his beneficial shareholding will be 7,675 Ordinary Shares.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Matthew Richards 
      ---------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                          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                       Ordinary Shares of 5p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB0008237132 
 
 b)    Nature of the transaction                Purchase 
      ---------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
                                                 Price(s)       Volume(s) 
  Purchase                                       280p           1,250 
 ----------------------------------------  ---  -------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      1,250 
   Purchases 
  - Aggregated Purchase                    GBP3,500 
   Price 
 
 e)    Date of the transaction                  23/03/2020 
      ---------------------------------------  -------------------------------- 
 f)    Place of the transaction                 London Stock Exchange, AIM 
      ---------------------------------------  -------------------------------- 
 

For further information please contact:

Enquiries:

 
 Solid State plc                              01527 830 630 
 Gary Marsh - Chief Executive                 [e-mail] 
  Peter James - Group Finance Director 
 
 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) 
  Tim Redfern / Rhys Williams (ECM / 
  Sales)                                      020 7220 0500 
 
 Walbrook PR (Financial PR)                   020 7933 8780 
 Tom Cooper / Paul Vann                       0797 122 1972 
                                              [e-mail] 
 

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 and optoelectronic components; 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 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 [e-mail] or visit www.rns.com.

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March 24, 2020 03:00 ET (07:00 GMT)