PDMR Dealings

Solid State PLC
04 April 2024
 
 

Solid State plc

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

PDMR Dealings

 

Solid State plc (AIM: SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, announces the following dealings in the Company's ordinary shares of 5p each ("Ordinary Shares") by certain directors and their persons closely associated.

 

Matthew Richards, Executive Director, has transferred 9,000 Ordinary Shares from his personal holding to his wife, Lynette Richards, for nil consideration. Lynette subsequently transferred Ordinary Shares from her personal holdings to her ISAs, through the sale and subsequent repurchase of Ordinary Shares.   

 

Furthermore, Peter James, Chief Financial Officer, and his wife, Rosemary James, have respectively transferred Ordinary Shares from their personal holdings to their ISAs through sales and re-purchases of shares. Further detail of these dealings are set out below.

 

Director/Person closely associated ("PCA")

Date

Nature of transaction

Number of Ordinary Shares

Price per share (£)

Peter James

27/03/2024

Sale from personal holding

1,527

13.10

Peter James

27/03/2024

Purchase into ISA

1,524

13.12

Rosemary James

28/03/2024

Sale from personal holding

1,502

13.25

Rosemary James

28/03/2024

Purchase into ISA

1,500

13.25

Rosemary James

27/03/2024

Purchase into ISA

6

13.325

Matthew Richards

 03/04/2024

Transfer of shares to wife

9,000

Nil

Lynette Richards

03/04/2024

Sale from personal holding

1,500

13.30

Lynette Richards

03/04/2024

Purchase into ISA

1,500

13.32

 

The Company also announces that 9 existing Ordinary Shares have been transferred to certain PDMRs following their election to automatically reinvest dividends paid on shares held under the Company's All Employee Share Plan.

 

Further detail is set out below.

 

For further information please contact:

 

Solid State plc

Gary Marsh - Chief Executive

Peter James - Group Finance Director

Via Walbrook

Cavendish Capital Markets Limited (Nominated Adviser & Broker)

Adrian Hadden / Callum Davidson (Corporate Finance)

Jasper Berry / Tim Redfern (Sales / ECM)

 

020 7397 8900

020 7220 0500

Walbrook PR (Financial PR)               

Tom Cooper / Nick Rome / Joe Walker 

020 7933 8780

0797 122 1972

solidstate@walbrookpr.com 

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

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Matthew Richards

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive 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

 

Transfer of ordinary shares to wife, Lynette Richards, for nil consideration

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£nil

9,000


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

3 April 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Lynette Richards

2

 

Reason for the notification

 

a)

 

Position/status

 

Wife of Matthew Richards, Executive Director of Solid State plc

 

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

 

Acquisition of ordinary shares from Matthew Richards via transfer for nil consideration

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£Nil

9,000


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

3 April 2024

 

f)

 

Place of the transaction

 

AIMX

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Lynette Richards

2

 

Reason for the notification

 

a)

 

Position/status

 

Wife of Matthew Richards, Executive Director of Solid State plc

 

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

 

Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)

c)

 

Price(s) and volume(s)

 

 

 

 

 


Price(s)

 

Volume(s)

Sale

1330p

1,500

Purchase

1332p

1,500


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transactions

e)

 

Date of the transaction

 

3 April  2024

 

f)

 

Place of the transaction

 

AIMX

 

 

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

 

Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)

c)

 

Price(s) and volume(s)

 

 

 

 

 


Price(s)

 

Volume(s)

Sale

1310p

1,527

Purchase

1312p

1,524


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

27 March 2024

 

f)

 

Place of the transaction

 

AIMX

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Rosemary James

2

 

Reason for the notification

 

a)

 

Position/status

 

Wife of of Peter James, Chief Financial Officer of Solid State plc

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

 

Transfer of ordinary shares to ISA via sale and subsequent repurchase (Bed and ISA)

c)

 

Price(s) and volume(s)

 

 

 

 

 


Price(s)

 

Volume(s)

Sale

1325p

1,502

Purchase

1325p

1,500


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

28 March 2024

 

f)

 

Place of the transaction

 

AIMX

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Rosemary James

2

 

Reason for the notification

 

a)

 

Position/status

 

Wife of of Peter James, Chief Financial Officer of Solid State plc

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

c)

 

Price(s) and volume(s)

 

 

 

 

 


Price(s)

 

Volume(s)

Purchase

1332.5p

6


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

27 March 2024

 

f)

 

Place of the transaction

 

AIMX

 

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

 

Acquisition of ordinary shares following dividend re-investment

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£nil

2


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

22 February 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

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

 

Acquisition of ordinary shares following dividend re-investment

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£nil

3


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

22 February 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

John Macmichael

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive 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

 

Acquisition of ordinary shares following dividend re-investment

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£nil

2


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

22 February 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Matthew Richards

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive 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

 

Acquisition of ordinary shares following dividend re-investment

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

 

Volume(s)

£nil

2


d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

22 February 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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.

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