Director/PDMR Shareholding

Solid State PLC

30 October 2024

 

30 October 2024

Solid State plc

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

Director/PCA Dealings

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces the following transactions in ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") by Matthew Richards, Director, and his persons closely associated:

Director/PCA	Nature of transaction	Date	Number of Ordinary Shares	Price per share
Matthew Richards (Director)	Sale of shares from personal holding	29 October 2024	17,450	215p
Henry Richards (Son and PCA of Matthew Richards)	Purchase of shares into ISA	29 October 2024	9,200	215.25p
Marcus Richards (Son and PCA of Matthew Richards)	Purchase of shares into ISA	29 October 2024	8,250	215.25p

Following these transactions, the holdings of Matthew Richards, together with his persons closely associated, remain unchanged.

Further details are set out below.

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 Price(s) Volume(s) Sale of shares 215p 17,450
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	29 October 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Henry Richards
2	Reason for the notification
a)	Position/status	Son and PCA of Matthew Richards, Director of Solid State plc
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	Acquisition of ordinary shares by Individual Savings Account (ISA)
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Acquisition of shares 215.25p 9,200
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	29 October 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marcus Richards
2	Reason for the notification
a)	Position/status	Son and PCA of Matthew Richards, Director of Solid State plc
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	Acquisition of ordinary shares by Individual Savings Account (ISA)
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Acquisition of shares 215.25p 8,250
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	29 October 2024
f)	Place of the transaction	London Stock Exchange - AIMX

For further information please contact:

Solid State plc Gary Marsh - Chief Executive Peter James - Group Finance Director	Via Walbrook
Cavendish Capital Markets Limited (Nominated Adviser & Broker) Adrian Hadden / Callum Davidson (Corporate Finance) Jasper Berry / Tim Redfern (Sales / ECM)	020 7220 0500
Walbrook PR (Financial PR)                Tom Cooper / Nick Rome / Joe Walker	020 7933 8780 0797 122 1972 [e-mail]

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 (AIM: SOLI) is a leading value-added electronics group supplying industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State's products are found around the world, from the ocean floor and into space, ensuring the smooth operation of systems that augment our everyday lives.

The Company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.

Operating through two divisions (Systems and Components) the Group thrives on complex engineering challenges, often requiring design-in support and component sourcing. Serving a wide range of industries, with a particular focus on defence, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation, the Solid State trading brands have become synonymous with quality and reliability. The Group operates under the brands of Steatite, Solsta, Custom Power, Pacer, Active Silicon, Gateway and Durakool.

Solid State plc is headquartered in Redditch, UK, and employs over 400 people around the world. The business has seven production facilities in the UK and two in the USA. In total, including all office locations, the Group operates from 15 national and international sites.

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

Take a look at the videos below for more insight into the Solid State Group.

Introduction to Solid State - https://youtu.be/1M_Q_B1mYic

Why invest in Solid State? - https://youtu.be/ShmTz6005ws

 

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