Solid State PLC Director/PDMR Shareholding (2835I)

TIDMSOLI

RNS Number : 2835I

Solid State PLC

31 March 2020

31 March 2020

SOLID STATE PLC

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

Director Bed & ISA Dealings

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components , announces that it has been informed of the following dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by Gary Marsh, Chief Executive of the Company:

On 24 March 2020, Mr Marsh sold 5,700 Ordinary Shares at a price of 305 pence per share and purchased 5,700 Ordinary Shares into an ISA account held by him at a price of 305 pence per share.

On 30 March 2020, Mr Marsh sold 860 Ordinary Shares at a price of 360 pence per share and purchased 860 Ordinary Shares into an ISA account held by him at a price of 360 pence per share.

Following these transactions, Mr Marsh's beneficial shareholding remains unchanged at 280,849 Ordinary Shares, representing 3.29% of the Company's voting share capital.

For further information please contact:

 
 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) 
  Emily Morris / Rhys Williams (Corporate 
  Broking / Sales)                            020 7220 0500 
 
 Walbrook PR (Financial PR)                   020 7933 8780 
 Tom Cooper / Paul Vann                       0797 122 1972 
                                              [e-mail] 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Gary Marsh 
      ---------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status              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    Sale and purchase 
      ---------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s)         Type        Date          Price(s)   Volume(s) 
                                       Sale        24/03/2020    305p       5,700 
                                                  ------------  ---------  ---------- 
                                       Purchase    24/03/2020    305p       5,700 
                                                  ------------  ---------  ---------- 
                                       Sale        30/03/2020    360p       860 
                                                  ------------  ---------  ---------- 
                                       Purchase    30/03/202     360p       860 
                                                  ------------  ---------  ---------- 
      ---------------------------  -------------------------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume 
 
        Sales                         6,560 
 
        Purchases                     6,560 
 
 
        - Price 
 
        Sales                         20,481 
 
 d)     Purchases                     20,481 
      ---------------------------  -------------------------------------------------- 
 e)    Date of the transaction      24 March 2020 
                                     30 March 2020 
 --------------------------------  -------------------------------------------------- 
 f)    Place of the transaction     London Stock Exchange, AIM 
      ---------------------------  -------------------------------------------------- 
 

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying industrial and military markets with ruggedised/durable components, assemblies and manufactured units for use in harsh environments. The Group's mantra is - 'Trusted technology for demanding applications'. To see an introductory video on the Group - https://youtu.be/bp4WfLCEc5Y

Operating through two main divisions: Manufacturing (Steatite) and Value Added Distribution (Solid State Supplies & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic and optoelectronic products.

Headquartered in Redditch, Solid State employs over 200 staff across the UK with a branch office 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 10 acquisitions.

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 31, 2020 10:56 ET (14:56 GMT)