1 February 2011
Solid State plc (the "Company")
Purchase of Shares by the Staff All Employee Share Ownership Plan
and 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 it has today purchased 25,000 Ordinary Shares of 5 pence for the Staff All Employee Share Ownership Plan. These shares were acquired each at a price of 85 pence per share from two of the Non-Executive Directors as detailed below:
Name |
Number of Ordinary Shares Sold |
Shareholding following Disposal |
Percentage of Issued Share Capital |
Gordon Comben |
12,500 |
2,715,106 |
44.10% |
William Marsh |
12,500 |
1,688,000 |
27.42% |
Following this, the Staff All Employee Share Ownership Plan holds 29,825 ordinary shares, representing 0.48 per cent. of the Company's issued share capital.
For further information please contact:
Solid State plc
Gary Marsh - Chief Executive 01892 836 836
FoxDavies 020 3463 5010
(Nominated Adviser)
Philip Davies
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.