Director/PDMR Shareholding

RNS Number : 3464U

Solid State PLC

28 March 2019

 

28 March 2019

Solid State plc

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

Director Dealing

Solid State plc announces that it has been informed of the following dealing in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares"):

On 28 March 2019, Gary Marsh, Chief Executive of the Company, sold 5,200 Ordinary Shares at a price of 383 pence per share and purchased 5,125 Ordinary Shares into an ISA account held by him at a price of 383 pence per share. Following this sale and purchase, his beneficial shareholding will be 280,787 Ordinary Shares.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gary Marsh
2	Reason for the notification
a)	Position/status	Chief Executive
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	Ordinary Shares of 5p each
	Identification code	GB0008237132
b)	Nature of the transaction	Sale and purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Sale		383p	5,200
	Purchase		383p	5,125
d)	Aggregated information
	- Aggregated volume Sales	5,200
	- Aggregated volume Purchases	5,125
	- Aggregated Sales Price	£19,916
	- Aggregated Purchase Price	£19,629
e)	Date of the transaction	28/03/2019
f)	Place of the transaction	London Stock Exchange, AIM

For further information please contact:

Enquiries:

Solid State plc	01527 830 630
Gary Marsh - Chief Executive Peter James - Group Finance Director	[e-mail]
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) Tim Redfern / Rhys Williams (ECM / Sales)	020 7220 0500
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	[e-mail]

Notes to Editors:

Solid State plc (SOLI) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring computing, power and communications products; and electronic and optoelectronic components; for use in harsh environments. 

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a component supplier to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Solid State employs over 200 staff across the UK with a sales office in the USA.  Solid State operates through two main divisions: Manufacturing and Value Added Distribution.

Solid State was established in 1971 and admitted to AIM in June 1996.

 

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