Transaction in Own Shares

RNS Number : 7919N

Solid State PLC

22 January 2019

 

22 January 2019

Solid State plc

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

Purchase of Own Shares

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, announces that on 18 January 2019 it purchased 10,000 of its own ordinary shares of 5p each ("Ordinary Shares") at a price of 346 pence per share, all to be held as treasury shares. The Company now holds 47,394 Ordinary Shares in treasury.

It is anticipated that these shares will be used to satisfy future awards under the Company's Staff All Employee Share Ownership Plan.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this purchase for treasury its issued share capital will remain the same and consist of 8,532,878 Ordinary Shares of which 47,394 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,485,484.  Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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]

Notes to Editors:

Solid State plc (SOLI) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring computing, power and communications products and electronic component 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 component supplier to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Solid State employs over 200 staff across five sites in the Uk with a sales office in the USA.  Solid State operates through two main divisions: Manufacturing and Value Added Distribution.

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

 

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