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SOLI Solid State Plc

1,405.00
-10.00 (-0.71%)
Last Updated: 14:10:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Solid State Plc LSE:SOLI London Ordinary Share GB0008237132 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -0.71% 1,405.00 1,390.00 1,420.00 1,440.00 1,405.00 1,415.00 13,509 14:10:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Parts,eq-whsl,nec 126.5M 6.69M 0.5899 23.90 159.98M

Solid State PLC Exercise of Options, Director Dealing and TVR (0393R)

24/02/2023 2:58pm

UK Regulatory


Solid State (LSE:SOLI)
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TIDMSOLI

RNS Number : 0393R

Solid State PLC

24 February 2023

FOR IMMEDIATE RELEASE

24 February 2023

SOLID STATE PLC

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

Exercise of Options, Director Dealing and Total Voting Rights

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added supplier of electronic components , announces that on 24 February 2023, options over a total of 24,000 ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") were exercised under the Enterprise Management Incentive Scheme at an exercise price of 0.1p by Gary Marsh, Chief Executive Officer, Pete James, Chief Financial Officer and John Macmichael, Director.

The Company has also been notified that on 24 February 2023, 1,200 Ordinary Shares were sold by Mrs Laura Marsh (the spouse of Gary Marsh) to cover the costs associated with the exercise of options. In addition, it has been notified that on 24 February 2023, Pete James and John Macmichael sold 1,200 Ordinary Shares each to cover the costs associated with the exercise of options.

Details of the exercise of option and sale of shares are set out below:

 
 Director           Title       Number of            Number of      Total number   % of total 
                                 options exercised    Ordinary       of ordinary    voting 
                                                      Shares Sold    shares held    rights 
                                                                     post the       following 
                                                                     exercise       the exercise 
                                                                     and sale       of options** 
 Gary Marsh         CEO         8,000                1,200*         288,676        2.5% 
                   ----------  -------------------  -------------  -------------  -------------- 
 Pete James         CFO         8,000                1,200          12,445         0.1% 
                   ----------  -------------------  -------------  -------------  -------------- 
 John Macmichael    Director    8,000                1,200          131,242        1.2% 
                   ----------  -------------------  -------------  -------------  -------------- 
 

Notes

* sold by Laura Marsh, spouse of Gary Marsh

**the shareholdings of the Directors and their spouses

Application has been made for the admission of the 24,000 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 at 8.00 a.m. on 27 February 2023.

Total Voting Rights

Following Admission, the Company's issued share capital will consist of 11,346,394 Ordinary Shares of which 21,946 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 11,324,448. 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 Disclosure and Transparency Rules.

For further information please contact:

 
 Solid State plc 
 Gary Marsh - Chief Executive              Via Walbrook 
  Peter James - Group Finance Director 
 
 WH Ireland (Nominated Adviser & Joint 
  Broker)                                 020 7220 1666 
 Mike Coe / Sarah Mather (Corporate 
  Finance) 
  Fraser Marshall (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                   0797 122 1972 
 
                                            solidstate@walbrookpr.com 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Gary Marsh 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               Chief Executive Officer 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial Notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          Solid State plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800QUHS9QTN5T1P62 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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     Exercise of Options 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Type        Price(s)   Volume(s) 
                                       Exercise 
                                        of 
                                        Options    0.1p       8,000 
                                                  ---------  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume            8,000 
 
 
       - Price                        GBP8.00 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       24 February 2023 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Peter James 
     --------------------------  --------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                        Solid State plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800QUHS9QTN5T1P62 
     --------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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   Exercise of Options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Type           Price(s)   Volume(s) 
                                     Exercise 
                                      of Options    0.1p       8,000 
                                                   ---------  ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          8,000 
 
                                    GBP8.00 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     24 February 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  --------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        John Macmichael 
     --------------------------  --------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status             Director 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                        Solid State plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800QUHS9QTN5T1P62 
     --------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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   Exercise of Options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Type           Price(s)   Volume(s) 
                                     Exercise 
                                      of Options    0.1p       8,000 
                                                   ---------  ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          8,000 
 
                                    GBP8.00 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     24 February 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  --------------------------------------- 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                           Peter James 
                               ------------------------------------ 
 Reason for the notification 
 Position/status                Chief Financial Officer 
                               ------------------------------------ 
 Initial notification           Initial Notification 
  /Amendment 
                               ------------------------------------ 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                           Solid State plc 
                               ------------------------------------ 
 LEI                            213800QUHS9QTN5T1P62 
                               ------------------------------------ 
 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 
 Description of the 
  financial instrument,           Ordinary shares of 5p each 
  type of instrument 
                                  GB0008237132 
  Identification code 
                               ------------------------------------ 
 Nature of the transaction      Sale of Shares 
                               ------------------------------------ 
 Price(s) and volume(s)           Type    Price(s)    Volume(s) 
                                   Sale    GBP13.10    1,200 
                                          ----------  ---------- 
                               ------------------------------------ 
 Aggregated information 
 
 
  - Aggregated volume             1,200 
 
 
  - Price                         GBP15,720 
                               ------------------------------------ 
 Date of the transaction        24 February 2023 
                               ------------------------------------ 
 Place of the transaction       London Stock Exchange, AIM 
                               ------------------------------------ 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                           Laura Marsh 
                               ------------------------------------ 
 Reason for the notification 
 Position/status                PCA (Spouse of Gary Marsh, CEO) 
                               ------------------------------------ 
 Initial notification           Initial Notification 
  /Amendment 
                               ------------------------------------ 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                           Solid State plc 
                               ------------------------------------ 
 LEI                            213800QUHS9QTN5T1P62 
                               ------------------------------------ 
 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 
 Description of the 
  financial instrument,           Ordinary shares of 5p each 
  type of instrument 
                                  GB0008237132 
  Identification code 
                               ------------------------------------ 
 Nature of the transaction      Sale of Shares 
                               ------------------------------------ 
 Price(s) and volume(s)           Type    Price(s)    Volume(s) 
                                   Sale    GBP13.10    1,200 
                                          ----------  ---------- 
                               ------------------------------------ 
 Aggregated information 
 
 
  - Aggregated volume             1,200 
 
 
  - Price                         GBP15,720 
                               ------------------------------------ 
 Date of the transaction        24 February 2023 
                               ------------------------------------ 
 Place of the transaction       London Stock Exchange, AIM 
                               ------------------------------------ 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                           John Macmichael 
                               ------------------------------------ 
 Reason for the notification 
 Position/status                Divisional Managing Director 
                               ------------------------------------ 
 Initial notification           Initial Notification 
  /Amendment 
                               ------------------------------------ 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                           Solid State plc 
                               ------------------------------------ 
 LEI                            213800QUHS9QTN5T1P62 
                               ------------------------------------ 
 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 
 Description of the 
  financial instrument,           Ordinary shares of 5p each 
  type of instrument 
                                  GB0008237132 
  Identification code 
                               ------------------------------------ 
 Nature of the transaction      Sale of Shares 
                               ------------------------------------ 
 Price(s) and volume(s)           Type    Price(s)    Volume(s) 
                                   Sale    GBP13.10    1,200 
                                          ----------  ---------- 
                               ------------------------------------ 
 Aggregated information 
 
 
  - Aggregated volume             1,200 
 
 
  - Price                         GBP15,720 
                               ------------------------------------ 
 Date of the transaction        24 February 2023 
                               ------------------------------------ 
 Place of the transaction       London Stock Exchange, AIM 
                               ------------------------------------ 
 

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February 24, 2023 09:58 ET (14:58 GMT)

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