Transaction in Own Shares

RNS Number : 4525J

Solid State PLC

13 December 2022

 

13 December 2022

Solid State plc

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

Transaction in Own Shares

Solid State plc (AIM: SOLI), the  specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that on 12 December 2022 it purchased 15,000 of its own ordinary shares of 5p each ("Ordinary Shares") at a price of 1355 pence to be held as treasury shares.

The Company now holds 21,946 Ordinary Shares in treasury, and it is anticipated that these shares will principally 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 11,322,394 Ordinary Shares of which 21,946 are held in Treasury. Therefore, the total number of voting rights in the Company is 11,300,448. 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 FCA's Disclosure and Transparency Rules.

For further information please contact:

Solid State plc
Gary Marsh - Chief Executive Peter James - Group Finance Director	Via Walbrook
WH Ireland (Nominated Adviser & Joint Broker)	020 7220 1666
Mike Coe / Sarah Mather (Corporate Finance) Fraser Marshall (Corporate Broking/ Sales)
finnCap (Joint Broker) Ed Frisby (Corporate Finance) Rhys Williams / Tim Redfern (Sales / ECM)	020 7220 0500
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Nick Rome	0797 122 1972
	[e-mail]

Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/

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 (Solid State Supplies, Pacer, Willow Technologies & AEC); 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 4 acquisitions in the last 5 years.

 

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