Exercise of Directors' Share Options

RNS Number : 3403U
Solid State PLC
28 July 2015
 

 

 

 

28 July 2015

 

Solid State plc

("Solid State" or the "Company")

 

Exercise of Directors' Share Options

 

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, secure communications systems and battery power solutions to the electronics market, announces that it has issued and allotted 90,409 ordinary shares of 5 pence each ("Ordinary Shares") pursuant to the exercise of share options under the Company's Long Term Incentive Plan (LTIP) Enterprise Management Incentive Scheme.

 

Of these 36,400 have been issued to Gary Marsh (Chief Executive), 36,400 have been issued to John Lavery (Director) and the balance of 17,609 have been issued to John Macmichael (Director) all at an exercise price of 5 pence.

 

Accordingly, application has been made for the 90,409 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 29 July 2015 ("Admission").

 

Further to this exercise, Gary Marsh's, John Lavery's, John Macmichael's and their respective wives revised holdings in the Company will be 479,856, 106,243 and 118,174 shares respectively, representing approximately 5.73%, 1.27% and 1.41% 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 8,422,015 Ordinary Shares of 5 pence each of which 49,074 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,372,941.  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.

 

 

For further information please contact:

 

Solid State plc          

01527 830 630

Gary Marsh - Chief Executive

investor.information@solidstateplc.com



WH Ireland (Nominated Adviser)

0117 945 3470

Mike Coe / Ed Allsopp




Walbrook PR (Financial PR)

020 7933 8780

Tom Cooper / Paul Vann

0797 122 1972


tom.cooper@walbrookpr.com 

 

Notes to Editors:

 

Solid State plc (SOLI) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, secure communications systems and electronic components 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 Redditch, Solid State employs over 150 staff across five sites.  Solid State operates through two main divisions: Solid State Supplies and Steatite.

 

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


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