Solid State PLC Director/PDMR Shareholding (6923R)

TIDMSOLI

RNS Number : 6923R

Solid State PLC

01 July 2020

1 July 2020

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 distributor of electronic and opto-electronic components , announces that it has been informed that certain Directors, as set out in tables below, have purchased shares in the Company.

Following the dealings, the holdings of the directors (including their wives) are now as follows:

 
 Name                Number of shares   Revised holding       Percentage (%) 
                      purchased          of Ordinary Shares    of Voting Share 
                                                               Capital 
 Pete James               2,520                3,204               0.03% 
                    -----------------  --------------------  ----------------- 
 Matthew Richards         2,900               10,375               0.12% 
                    -----------------  --------------------  ----------------- 
 

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                             Pete James 
     -------------------------------  ---------------------------------- 
 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        Purchase 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP5.95     2,520 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume               2,520 
 
                                         GBP14,994 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          30 June 2020 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 
 
 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             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) 
                                          GBP5.91     2,800 
                                           GBP5.78     100 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume               2,900 
 
 
       - Price                           GBP17,126 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          30 June 2020 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 

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)                                     0207 220 1666 
 Mike Coe / Chris Savidge (Corporate 
  Finance) 
  Jasper Berry / David Kilbourn (Corporate 
  Broking / Sales) 
 finnCap (Joint Broker) 
  Ed Frisby / Kate Bannatyne (Corporate 
  Finance) 
  Rhys Williams / Tim Redfern (Sales 
  / ECM)                                      020 7220 0500 
 
 Walbrook PR (Financial PR)                   020 7933 8780 
 Tom Cooper / Paul Vann                       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 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 since 2002.

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.

END

DSHUAOWRRKUBRRR

(END) Dow Jones Newswires

July 01, 2020 04:43 ET (08:43 GMT)