PDMR Dealings

Solid State PLC

18 April 2024

 

18 April 2024

Solid State plc

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

PDMR Dealings

Solid State plc (AIM: SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, announces that Matthew Richards, Executive Director, has transferred ordinary shares of 5p each ("Ordinary Shares") from his personal holding to his ISA through the sale of 1,485 Ordinary Shares at £13.40 per share and subsequent re-purchase of 1,485 Ordinary Shares at £13.42 per share.

Furthermore, Peter James, Chief Financial Officer, has also transferred Ordinary Shares from his personal holding to his ISA through the following dealings:

Date	Nature of Transaction	Number of Ordinary Shares	Price per share (£)
16 April 2024	Sale from personal holding	1,493	13.40
16 April 2024	Purchase into ISA	1,493	13.42
18 April 2024	Sale from personal holding	32	13.50
18 April 2024	Purchase into ISA	38	13.569

Further detail of these transactions are set out below.

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 7397 8900 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/

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Richards
2	Reason for the notification
a)	Position/status	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	Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale 1340p 1,485 Purchase 1342p 1,485
d)	Aggregated information - Aggregated volume - Price	N/A - single transactions
e)	Date of the transaction	17 April 2024
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter James
2	Reason for the notification
a)	Position/status	Chief Financial 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	Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale 1340p 1,493 Purchase 1342p 1,493
d)	Aggregated information - Aggregated volume - Price	N/A - single transactions
e)	Date of the transaction	16 April 2024
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter James
2	Reason for the notification
a)	Position/status	Chief Financial 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	Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale 1350p 32 Purchase 1356.9p 38
d)	Aggregated information - Aggregated volume - Price	N/A - single transactions
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	AIMX

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments.  The Group's mantra is - 'Trusted technology for demanding environments'.  To see an introductory video on the Group - https://bit.ly/3kzddx7 

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solsta & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy. 

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

 

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