RNS Number : 4729V
Solid State PLC
05 April 2023
 

SOLID-STATE-PLC_ logo_RGB_2015-10_rev1

 

 

 

5 April 2023

 

Solid State plc

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

PDMR/PCA Dealings

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that Matthew Richards, Director, effected a transfer of shares held by him to his wife's ISA through the following dealings.

On 4 April 2023, Matthew Richards sold 960 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") from his personal holding at a price of 1122p pence per share and his wife, Lynette Richards, subsequently purchased 960 Ordinary Shares at a price of 1125p per share into her ISA account.

Furthermore, the Company announces that Rosemary James, wife of Peter James, Group Finance Director transferred shares into her self-invested personal pension ("SIPP") on 4 April 2023. This was effected through the sale of 3,125 Ordinary Shares from her personal holding at a price of 1122.5p per share and purchase by her SIPP of 3,123 Ordinary Shares at a price of 1110p per share.

 

For further information please contact:

 

Solid State plc

Gary Marsh - Chief Executive

Peter James - Group Finance Director

Via Walbrook

Cenkos Securities plc (Nominated Adviser & Joint Broker)

Adrian Hadden / Callum Davidson (Corporate Finance)

Alex Pollen / Jasper Berry (Sales)

 

020 73978900

finnCap (Joint Broker)

Ed Frisby (Corporate Finance)

Rhys Williams / Tim Redfern (Sales / ECM)

020 7220 0500

Walbrook PR (Financial PR)               

Tom Cooper / Nick Rome  

020 7933 8780

0797 122 1972

solidstate@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 commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments.  The Group's mantra is - 'Trusted technology for demanding environments'.  To see an introductory video on the Group - https://bit.ly/3kzddx7 

 

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solid State Supplies, Pacer, Willow Technologies & AEC); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

 

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy. 

 

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition having made three acquisitions in the last three years.

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Rosemary James

2

 

Reason for the notification

 

a)

 

Position/status

 

PCA of Peter James (Director)

b)

 

Initial notification /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Sale from personal holding and purchase by SIPP

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Date

Price(s)

 

Volume(s)

Sale

4 April 2023

1122.5p

3,125 

Purchase by SIPP

4 April 2023

1110p

3,123 

d)

 

Aggregated information

 

- Aggregated volume

  

- Price

  

 

 

N/A - sale of 3,125 shares undertaken as single transaction at 1122.5p per share. Purchase of 3,123 shares undertaken as single transaction at 1110p per share 

 

e)

 

Date of the transaction

 

4 April 2023

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Lynette Richards

2

 

Reason for the notification

 

a)

 

Position/status

 

PCA of Matthew Richards (Director)

b)

 

Initial notification /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Purchase of ordinary shares into SIPP

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Date

Price(s)

 

Volume(s)

Purchase

4 April 2023

1125p

960

 

d)

 

Aggregated information

- Aggregated volume

- Price 

 N/A - single transaction

e)

 

Date of the transaction

 

4 April 2023 

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 /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Sale of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Date

Price(s)

 

Volume(s)

Sale

4 April

1122p

960

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

 

e)

 

Date of the transaction

 

4 April 2023

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUVUKRONUSRRR