Dealings by Directors

RNS Number : 2215G

Solid State PLC

09 May 2011

 



9 May 2011

Solid State plc ("Solid State" or the "Company")

Dealings by Directors

Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, announces that in order to broaden the Company's shareholder base and improve liquidity, FoxDavies has today placed 915,106 ordinary shares at a price of 90 pence per share on behalf of Solid State's founders, Mr Gordon Comben and Mr William Marsh, both of whom are Non-Executive Directors of the Company.  These shares, representing 13.47 per cent. of the issued share capital, have been placed with institutional and other investors, together with certain of the other Directors of the Company.

Mr & Mrs Gordon Comben have, in aggregate, sold 715,106 ordinary shares at 90 pence per share and Mr & Mrs William Marsh have, in aggregate, sold 200,000 ordinary shares at 90 pence per share.

In addition, Mr Peter Haining, Chairman, has acquired 40,000 ordinary shares; Mr John Macmichael, Executive Director, has acquired 11,000 ordinary shares; and Mr Anthony Frere, Non-Executive Director, has acquired 56,000 ordinary shares.  In each case, the ordinary shares were today acquired at a price of 90 pence per share.

Following these transactions, the interests of the Board of Solid State in the issued ordinary share capital of the Company are as follows:

Name	Shareholding	Percentage of Issued Share Capital
Gordon Comben	2,000,000	29.45%
Anthony Frere	56,000	0.82%
Peter Haining	52,500	0.77%
John Lavery	318,320	4.69%
John Macmichael	11,000	0.16%
Gary Marsh	391,169	5.76%
William Marsh	1,488,000	21.91%

For further information please contact:

Solid State plc                                                  

Gary Marsh - Chief Executive     01892 836 836

FoxDavies                                       020 3463 5010

(Nominated Adviser)

Philip Davies / Jonathan Evans

Winningtons                                020 3176 4722

Tom Cooper                                  0797 122 1972

                                                           [e-mail]

Notes to Editors:

Solid State plc (SSP) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring batteries, electronic components and industrial/rugged computing products 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 Paddock Wood in Kent, Solid State employs 75 staff across 3 sites.  Solid State operates through three main divisions: Solid State Supplies, Steatite and Rugged Systems.

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

 

END

 

 

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