Grant of Options

RNS Number : 9178G

Solid State PLC

01 June 2017

 

1 June 2017

Solid State plc
("Solid State" or the "Company")
(AIM:  SOLI)

Grant of options

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, advanced antenna products, communications systems and battery power solutions to the electronics market, announces options have been granted to each of the following directors (who currently have no outstanding options) under the Company's Long Term Incentivisation Plan, as follows:

Director	Number of options	Exercise price
Gary Marsh	48,000	0.1p
John Macmichael	48,000	0.1p
Matthew Richards	48,000	0.1p
Peter James	48,000	0.1p

The Options are subject to performance criteria determined by the Remuneration Committee linked to the pre tax profit performance of the Group in each year of a three year vesting period from 1^st April 2017.

For further information please contact:

Solid State plc                                                                                       01527 830630
Gary Marsh - Chief Executive                                                           [e-mail]
Peter James - Group Finance Director

WH Ireland (Nominated Advisor & Joint Broker)                          0117 945 3470
Mike Coe/Ed Allsopp (Corporate Finance)
Jasper Berry/David Kilbourn (Corporate Broking/Sales)

finnCap (Joint Broker)                                                                         020 7220 0500
Ed Frisby/Kate Bannatyne (Corporate Finance)
Emily Morris/Rhys Williams (Corporate Broking/Sales)

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 design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, communication systems, advanced antenna products, and electronic 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 distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Worcestershire, Solid State employs over 200 staff across five sites.  Solid State operates through two main divisions:  Solid State Supplies and Steatite.

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

 

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