Director/PDMR Shareholding

RNS Number : 2835I

Solid State PLC

31 March 2020

 

31 March 2020  

SOLID STATE PLC

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

Director Bed & ISA Dealings

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components , announces that it has been informed of the following dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by Gary Marsh, Chief Executive of the Company:

On 24 March 2020, Mr Marsh sold 5,700 Ordinary Shares at a price of 305 pence per share and purchased 5,700 Ordinary Shares into an ISA account held by him at a price of 305 pence per share.

On 30 March 2020, Mr Marsh sold 860 Ordinary Shares at a price of 360 pence per share and purchased 860 Ordinary Shares into an ISA account held by him at a price of 360 pence per share.

Following these transactions, Mr Marsh's beneficial shareholding remains unchanged at 280,849 Ordinary Shares, representing 3.29% of the Company's voting share capital.

For further information please contact:

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) Emily Morris / Rhys Williams (Corporate Broking / Sales)	020 7220 0500
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	[e-mail]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gary Marsh
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 and purchase
c)	Price(s) and volume(s)	Type Date Price(s) Volume(s) Sale 24/03/2020 305p 5,700 Purchase 24/03/2020 305p 5,700 Sale 30/03/2020 360p 860 Purchase 30/03/202 360p 860
d)	Aggregated information - Aggregated volume Sales Purchases - Price Sales Purchases	6,560 6,560 20,481 20,481
e)	Date of the transaction	24 March 2020 30 March 2020
f)	Place of the transaction	London Stock Exchange, AIM

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.

 

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