Exercise of Options, Director Dealing and TVR

RNS Number : 0393R

Solid State PLC

24 February 2023

 

FOR IMMEDIATE RELEASE     

24 February 2023  

SOLID STATE PLC

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

Exercise of Options, Director Dealing and Total Voting Rights

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added supplier of electronic components , announces that on 24 February 2023, options over a total of 24,000 ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") were exercised under the Enterprise Management Incentive Scheme at an exercise price of 0.1p by Gary Marsh, Chief Executive Officer, Pete James, Chief Financial Officer and John Macmichael, Director.

The Company has also been notified that on 24 February 2023, 1,200 Ordinary Shares were sold by Mrs Laura Marsh (the spouse of Gary Marsh) to cover the costs associated with the exercise of options. In addition, it has been notified that on 24 February 2023, Pete James and John Macmichael sold 1,200 Ordinary Shares each to cover the costs associated with the exercise of options.

Details of the exercise of option and sale of shares are set out below:

Director	Title	Number of options exercised	Number of Ordinary Shares Sold	Total number of ordinary shares held post the exercise and sale	% of total voting rights following the exercise of options**
Gary Marsh	CEO	8,000	1,200*	288,676	2.5%
Pete James	CFO	8,000	1,200	12,445	0.1%
John Macmichael	Director	8,000	1,200	131,242	1.2%

Notes

* sold by Laura Marsh, spouse of Gary Marsh

**the shareholdings of the Directors and their spouses

Application has been made for the admission of the 24,000 new Ordinary Shares to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. It is expected that Admission will become effective at 8.00 a.m. on 27 February 2023.

 Total Voting Rights

Following Admission, the Company's issued share capital will consist of 11,346,394 Ordinary Shares of which 21,946 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 11,324,448. 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 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]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gary Marsh
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Exercise of Options
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Exercise of Options 0.1p 8,000
d)	Aggregated information - Aggregated volume - Price	8,000 £8.00
e)	Date of the transaction	24 February 2023
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter James
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	Exercise of Options
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Exercise of Options 0.1p 8,000
d)	Aggregated information - Aggregated volume - Price	8,000 £8.00
e)	Date of the transaction	24 February 2023
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Macmichael
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	Exercise of Options
c)	Price(s) and volume(s)	Type Price(s) Volume(s) Exercise of Options 0.1p 8,000
d)	Aggregated information - Aggregated volume - Price	8,000 £8.00
e)	Date of the transaction	24 February 2023
f)	Place of the transaction	London Stock Exchange, AIM

Details of the person discharging managerial responsibilities / person closely associated
Name	Peter James
Reason for the notification
Position/status	Chief Financial Officer
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Solid State plc
LEI	213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5p each GB0008237132
Nature of the transaction	Sale of Shares
Price(s) and volume(s)	Type Price(s) Volume(s) Sale £13.10 1,200
Aggregated information - Aggregated volume - Price	1,200 £15,720
Date of the transaction	24 February 2023
Place of the transaction	London Stock Exchange, AIM

Details of the person discharging managerial responsibilities / person closely associated
Name	Laura Marsh
Reason for the notification
Position/status	PCA (Spouse of Gary Marsh, CEO)
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Solid State plc
LEI	213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5p each GB0008237132
Nature of the transaction	Sale of Shares
Price(s) and volume(s)	Type Price(s) Volume(s) Sale £13.10 1,200
Aggregated information - Aggregated volume - Price	1,200 £15,720
Date of the transaction	24 February 2023
Place of the transaction	London Stock Exchange, AIM

Details of the person discharging managerial responsibilities / person closely associated
Name	John Macmichael
Reason for the notification
Position/status	Divisional Managing Director
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Solid State plc
LEI	213800QUHS9QTN5T1P62
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
Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5p each GB0008237132
Nature of the transaction	Sale of Shares
Price(s) and volume(s)	Type Price(s) Volume(s) Sale £13.10 1,200
Aggregated information - Aggregated volume - Price	1,200 £15,720
Date of the transaction	24 February 2023
Place of the transaction	London Stock Exchange, AIM

 

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