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Solid State plc announced the publication of its 2024 Annual Report & Accounts on 11 July 2024. On 10 July 2024, Chief Financial Officer Peter James purchased 699 ordinary shares at £14.30 per share. Concurrently, Chief Executive Officer Gary Marsh sold 35,000 ordinary shares and Director John Macmichael sold 30,000 ordinary shares, both at £14.20 per share; following these dealings, their combined holdings represent 3.25% of the company's issued share capital.
| Date | 11 Jul 2024 |
| Time | 07:00:09 |
| Category | Director/PDMR dealings |
| ID | 9302V |
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 |
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)
|
|
||||
|
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)
|
|
||||
|
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)
|
|
||||
|
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.