Directors' Dealing

Solid State PLC

11 December 2024

 

11 December 2024

Solid State plc

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

Directors' Dealings

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces the purchase of 54,342 ordinary shares of 5p each in the Company ("Ordinary Shares") by its board of directors and their persons closely associated ("PCA") on 10 December. Further details of these share purchases are as follows:

Director/PCA	Identity	Number of Ordinary Shares purchased	Price per share (p)	Resultant shareholding of Director (including their PCAs)
Gary Marsh	Chief Executive Officer	7,476	133.75p	1,328,156
Rosemary James	PCA of Peter James, Group Finance Director	7,595	131.5p	113,855
Nigel Rogers	Non-Executive Chairman	7,900	134.5p (VWAP)	39,655
Lynette Richards	PCA of Matthew Richards, Director	8,547	117.0p	95,732
John Macmichael	Director	7,547	132.5p	545,422
Pete Magowan	Non-Executive Director	7,577	132p (VWAP)	42,212
Sam Smith	Non-Executive Director	7,700	130p	17,200

Further details are set out below.

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 Officer
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
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 133.75p 7,476
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

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, Group Finance 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	Purchase of ordinary shares
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 131.5p 7,595
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Rogers
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 137p 2,900 Purchase of shares 133p 5,000
d)	Aggregated information - Aggregated volume - Price	7,900 Volume weighted average price of 134.5p
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

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 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	Purchase of ordinary shares
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 117.0p 8,547
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Macmichael
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	Purchase of ordinary shares
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 132.5p 7,547
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pete Magowan
2	Reason for the notification
a)	Position/status	Non-Executive 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
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 132p 3,787 Purchase of shares 131.9p 3,790
d)	Aggregated information - Aggregated volume - Price	7,577 VWAP 132p
e)	Date of the transaction	10 December 2024
f)	Place of the transaction	London Stock Exchange - AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sam Smith
2	Reason for the notification
a)	Position/status	Non-Executive 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
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Purchase of shares 130p 7,700
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	10 December 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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