11 July 2024
Solid State
plc
("Solid
State", the "Group" or the "Company")
Publication of Annual
Report
&
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 publication of its 2024 Annual Report & Accounts
which is available to view on the Company's website at
https://solidstateplc.com/wp-content/uploads/2024/07/31612-Solid-State-plc-AR2024-webready-compressed.pdf.
Physical copies of the Annual Report are being sent to those
shareholders who have requested a physical copy. The Company will
send its Notice of Annual General Meeting separately containing
further details of the meeting and will make a separate
announcement in due course.
The Company also announces that on
10 July 2024, Peter James, Chief Financial Officer, purchased 699
ordinary shares of 5p each ("Ordinary Shares") at a price of £14.30
per share. Furthermore, to satisfy institutional demand, the
Company also announces the following sales of Ordinary Shares by
certain other persons discharging managerial
responsibilities.
|
Date of trade
|
PDMR
|
Position
|
Number of Ordinary Shares sold
|
Price per share (£)
|
|
10 July 2024
|
Gary Marsh
|
Chief Executive Officer
|
35,000
|
14.20
|
|
10 July 2024
|
John Macmichael
|
Director
|
30,000
|
14.20
|
Following these dealings, Gary
Marsh, Peter James and John Macmichael hold, including their
persons closely associated, a total of 253,783 Ordinary Shares,
13,252 Ordinary Shares and 101,353 Ordinary Shares respectively
representing, in aggregate, 3.25 per cent. of the Company's issued
share capital.
Further details of these
transactions are 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 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
|
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
|
Purchase of ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£14.30
|
699
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
10 July 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
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
|
Sale of ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£14.20
|
35,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
10 July 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
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
|
Sale of ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£14.20
|
30,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
10 July 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
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 (Solsta & Pacer); 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 four years. 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.