Director/PDMR Shareholding

RNS Number : 4729V

Solid State PLC

05 April 2023

 

5 April 2023

Solid State plc

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

PDMR/PCA 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, Director, effected a transfer of shares held by him to his wife's ISA through the following dealings.

On 4 April 2023, Matthew Richards sold 960 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") from his personal holding at a price of 1122p pence per share and his wife, Lynette Richards, subsequently purchased 960 Ordinary Shares at a price of 1125p per share into her ISA account.

Furthermore, the Company announces that Rosemary James, wife of Peter James, Group Finance Director transferred shares into her self-invested personal pension ("SIPP") on 4 April 2023. This was effected through the sale of 3,125 Ordinary Shares from her personal holding at a price of 1122.5p per share and purchase by her SIPP of 3,123 Ordinary Shares at a price of 1110p per share.

For further information please contact:

Solid State plc Gary Marsh - Chief Executive Peter James - Group Finance Director	Via Walbrook
Cenkos Securities plc (Nominated Adviser & Joint Broker) Adrian Hadden / Callum Davidson (Corporate Finance) Alex Pollen / Jasper Berry (Sales)	020 73978900
finnCap (Joint Broker) Ed Frisby (Corporate Finance) Rhys Williams / Tim Redfern (Sales / ECM)	020 7220 0500
Walbrook PR (Financial PR)  Tom Cooper / Nick Rome	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/

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 three acquisitions in the last three years.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rosemary James
2	Reason for the notification
a)	Position/status	PCA of Peter James (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	Sale from personal holding and purchase by SIPP
c)	Price(s) and volume(s)	Type Date Price(s) Volume(s) Sale 4 April 2023 1122.5 p 3,125   Purchase by SIPP 4 April 2023 1110 p 3,123
d)	Aggregated information - Aggregated volume - Price	N/A - sale of 3,125 shares undertaken as single transaction at 1122.5 p per share. Purchase of 3,123 shares undertaken as single transaction at 1110 p per share
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lynette Richards
2	Reason for the notification
a)	Position/status	PCA of Matthew Richards (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	Purchase of ordinary shares into SIPP
c)	Price(s) and volume(s)	Type Date Price(s) Volume(s) Purchase 4 April 2023 1125 p 960
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	London Stock Exchange, AIM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Richards
2	Reason for the notification
a)	Position/status	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	Sale of ordinary shares
c)	Price(s) and volume(s)	Type Date Price(s) Volume(s) Sale 4 April 1122 p 960
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

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