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Solid State plc announced that its board of directors and their persons closely associated (PCAs) purchased a total of 54,342 ordinary shares of 5p each in the company. These purchases occurred on 10 December 2024, with prices per share ranging from 117.0p to 134.5p.
| Date | 11 Dec 2024 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 5899P |
11 December 2024
Solid State plc
("Solid State", the "Group" or the "Company")
Directors' Dealings
Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces the purchase of 54,342 ordinary shares of 5p each in the Company ("Ordinary Shares") by its board of directors and their persons closely associated ("PCA") on 10 December. Further details of these share purchases are as follows:
|
Director/PCA |
Identity |
Number of Ordinary Shares purchased |
Price per share (p) |
Resultant shareholding of Director (including their PCAs) |
|
Gary Marsh |
Chief Executive Officer |
7,476 |
133.75p |
1,328,156 |
|
Rosemary James |
PCA of Peter James, Group Finance Director |
7,595 |
131.5p |
113,855 |
|
Nigel Rogers |
Non-Executive Chairman |
7,900 |
134.5p (VWAP) |
39,655 |
|
Lynette Richards |
PCA of Matthew Richards, Director |
8,547 |
117.0p |
95,732 |
|
John Macmichael |
Director |
7,547 |
132.5p |
545,422 |
|
Pete Magowan |
Non-Executive Director |
7,577 |
132p (VWAP) |
42,212 |
|
Sam Smith |
Non-Executive Director |
7,700 |
130p |
17,200 |
Further details are set out below.
|
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
|
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 December 2024 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Rosemary James |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
PCA of Peter James, Group Finance 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
|
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 December 2024 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name |
Nigel Rogers |
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
Non-Executive Chairman
|
|||||||||
|
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
|
7,900
Volume weighted average price of 134.5p |
|||||||||
|
e)
|
Date of the transaction
|
10 December 2024 |
|||||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Lynette Richards |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
PCA of Matthew Richards, 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
|
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 December 2024 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - 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
|
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 December 2024 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name |
Pete Magowan |
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
Non-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
|
Purchase of ordinary shares |
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
7,577
VWAP 132p |
|||||||||
|
e)
|
Date of the transaction
|
10 December 2024 |
|||||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Sam Smith |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Non-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
|
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 December 2024 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIMX |
||||||
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/
Notes to Editors:
Solid State plc (AIM: SOLI) is a leading value-added electronics group supplying industrial and defence markets with durable components, assemblies and manufactured systems for use in critical applications, with a particular emphasis on harsh operational environments. Solid State's products are found around the world, from the ocean floor and into space, ensuring the smooth operation of systems that augment our everyday lives.
The Company has a core focus on industrial and ruggedised computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays.
Operating through two divisions (Systems and Components) the Group thrives on complex engineering challenges, often requiring design-in support and component sourcing. Serving a wide range of industries, with a particular focus on defence, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation, the Solid State trading brands have become synonymous with quality and reliability. The Group operates under the brands of Steatite, Solsta, Custom Power, Pacer, Active Silicon, Gateway and Durakool.
Solid State plc is headquartered in Redditch, UK, and employs over 400 people around the world. The business has seven production facilities in the UK and two in the USA. In total, including all office locations, the Group operates from 15 national and international sites.
Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made four acquisitions in the last four years.
Take a look at the videos below for more insight into the Solid State Group.
Introduction to Solid State - https://youtu.be/1M_Q_B1mYic
Why invest in Solid State? - https://youtu.be/ShmTz6005ws