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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.00 | -0.36% | 1,370.00 | 1,350.00 | 1,390.00 | 1,375.00 | 1,370.00 | 1,375.00 | 4,598 | 09:33:25 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Parts,eq-whsl,nec | 126.5M | 6.69M | 0.5899 | 23.22 | 155.45M |
From Apr 2019 to Apr 2024
TIDMSOLI
RNS Number : 6746D
Solid State PLC
30 October 2020
30 October 2020
Solid State plc
("Solid State", or the "Company")
Grant of LTIP share options
Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added supplier of electronic and opto-electronic components, announces that on 28 October 2020 it granted options over a total of 42,800 ordinary shares of 5 pence each ("Ordinary Shares") to executive directors pursuant to the Company's new Long term Incentive Plan ("LTIP") approved by shareholders at the Company's AGM held on 9 September 2020.
The table below shows how the new LTIP awards have been allocated together with the existing options held by each executive director under the Company's Enterprise Management Incentive Scheme.
The existing options held by each executive director under the Company's Enterprise Management Incentive Scheme have fully vested.
Hot Features
Premium
Executive Director New LTIP Award Existing EMI Total options
Options held
Gary Marsh 10,700 16,000 26,700
Peter James 10,700 32,000 42,700
John Macmichael 10,700 16,000 26,700
Matthew Richards 10,700 32,000 42,700
The options granted under the LTIP award will vest in full only if the reported adjusted EPS growth in the period to the third anniversary of the grant exceeds the UK rate of Consumer Price Inflation by at least 30 per cent. Partial vesting for growth below this rate will be at the absolute discretion of the
Remuneration Committee at the appropriate time.
The Board believes that the performance conditions attaching to the LTIP awards are a fair measure of value creation and align the Directors' interest with those of shareholders.
For further information please contact:
Solid State plc 01527 830 630
Gary Marsh - Chief Executive investor.information@solidstateplc.com
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
tom.cooper@walbrookpr.com
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 Supplies (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.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr 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 Grant of options
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price:
5p 10,700
----------
------------------------------ -----------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
------------------------------ -----------------------------------
e) Date of the transaction 28 October 2020
------------------------------ -----------------------------------
f) Place of the transaction Off Market
------------------------------ -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr Peter 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 Grant of options
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price:
5p 10,700
----------
----------------------------- ------------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
----------------------------- ------------------------------------
e) Date of the transaction 28 October 2020
----------------------------- ------------------------------------
f) Place of the transaction Off Market London Stock Exchange,
AIM
----------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr John L Macmichael
------------------------------ -----------------------------------
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 Grant of options
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price:
5p 10,700
----------
------------------------------ -----------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
------------------------------ -----------------------------------
e) Date of the transaction 28 October 2020
------------------------------ -----------------------------------
f) Place of the transaction Off Market
------------------------------ -----------------------------------
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr 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 Grant of options
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price:
5p 10,700
----------
------------------------------ -----------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
------------------------------ -----------------------------------
e) Date of the transaction 28 October 2020
------------------------------ -----------------------------------
f) Place of the transaction Off Market
------------------------------ -----------------------------------
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 rns@lseg.com or visit www.rns.com.
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END
MSCPPGPCUUPUGQB
(END) Dow Jones Newswires
October 30, 2020 03:00 ET (07:00 GMT)
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