Directors - Exercise of Options

RNS Number : 3987I
Solid State PLC
02 July 2013
 



2  July 2013

 

SOLID STATE PLC

(AIM: SSP.L)

 

Directors  - Exercise of options

 

Solid State plc ("Solid State" or "the Company"), the AIM listed supplier of specialist industrial/ruggedised computers,  electronic components, antennas, microwave systems and battery power solutions to the electronics market, announces that it has issued and allotted 208,688 ordinary shares of 5 pence each ("Ordinary Shares") pursuant to the exercise of share options under the Company's Enterprise Management Incentive Scheme.

 

Of these 120,603 have been issued to Gary Marsh (Chief Executive) at an exercise price of 99.5 pence. The balance of 88,085 have been issued to John Macmichael (Director) at an exercise price of 94 pence.

 

Accordingly, application has been made for the 208,688 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 3 July 2013 ("Admission").

 

Further to this exercise, Gary Marsh's and John Macmichael's  revised holdings in the Company will be 511,807 and 142,085 shares respectively, representing approximately 7.13% and 1.98% respectively of the enlarged share capital.

 

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 7,180,722 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use these 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.

 

 

Contacts:




Solid State  plc

investor.information@solidstateplc.com

Gary Marsh, Chief Executive

+44 (0) 1527 830 630



WH Ireland Limited

www.wh-ireland.co.uk

Mike Coe

+44 (0) 117 945 3470



Winningtons


Tom Cooper/ Paul Vann

+44 (0) 203 176 4722


+44 (0) 797 122 1972

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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