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Solid State plc announced on 3 November 2025 that Director Matthew Richards and his closely associated persons undertook various share transactions on 30-31 October 2025, involving a gift of 12,200 shares, sales totalling 48,800 shares at prices between 164.9p and 165.0p, and purchases of 48,800 shares into ISAs at 165.0p, resulting in Matthew Richards' overall shareholding remaining unchanged. Separately, Group Finance Director Pete James and his closely associated persons conducted transactions on 30-31 October 2025, which included sales of 36,009 shares between 155.0p and 162.5p, and purchases of 36,773 shares into ISAs at prices ranging from 150.0p to 162.5p. Following these transactions, Pete James' total shareholding, including PCAs, increased to 155,149 ordinary shares.
| Date | 3 Nov 2025 |
| Time | 14:30:00 |
| Category | Director/PDMR dealings |
| ID | 9701F |
3 November 2025
Solid State plc
("Solid State", the "Group" or the "Company")
PDMR & PCA Dealings
The Company announces the following transactions undertaken by certain persons discharging managerial responsibilities ("PDMRs") and their persons closely associated.
Matthew Richards, Director, has undertaken the following dealings together with PCAs involving 'Bed and ISA' transactions:
|
Date |
Nature of transaction |
Number of ordinary shares |
Price per share |
|
30 October |
Gift of Ordinary Shares by Matthew to his spouse Lynette Richards |
12,200 |
Nil consideration |
|
30 October |
Sale of Ordinary Shares by Matthew from personal holding |
36,600 |
164.9 |
|
30 October |
Purchase of Ordinary Shares by Matthew into his ISA |
12,200 |
165.0 |
|
30 October |
Purchase of Ordinary Shares by Matthew's children into their ISAs |
24,400 |
165.0 |
|
31 October |
Sale of Ordinary Shares by Lynette Richards |
12,200 |
164.9 |
|
31 October |
Purchase of Ordinary Shares by Lynette Richards into ISA |
12,200 |
165.0 |
Following the above transactions, Matthew's shareholding, including those held by his persons closely associated, remains unchanged.
Pete James, Group Finance Director, has undertaken the following dealings together with PCAs involving 'Bed and ISA' transactions:
|
Date |
Nature of transaction |
Number of ordinary shares |
Share price p |
|
30 October |
Sale of Ordinary Shares by Pete James from personal holding |
23,700 |
155.0 |
|
30 October |
Purchase of Ordinary Shares by Pete into his ISA |
12,061 |
155.25 |
|
31 October |
Purchase of Ordinary Shares by Pete into his ISA |
843 |
150.0 |
|
30 October |
Purchase of Ordinary Shares by Pete's children into their ISAs |
11,570 |
155.52 |
|
30 October |
Sale of Ordinary Shares by Rosemary James |
12,309 |
162.5 |
|
30 October |
Purchase of Ordinary Shares by Rosemary James into her ISA |
12,299 |
162.5 |
Following these transactions, Pete's shareholding, including those held by his persons closely associated, has increased to 155,149 Ordinary Shares.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||
|
a)
|
Name |
Peter James |
||||||||||||
|
2
|
Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Group Finance 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
|
1) Sale of shares 2) Purchase of shares into ISA |
||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. N/A - single transaction 2. N/A - single transaction
|
||||||||||||
|
e)
|
Date of the transaction
|
1. 30 October 2025 2. 30 October 2025
|
||||||||||||
|
f)
|
Place of the transaction
|
1. London Stock Exchange - AIM 2. 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
|
Group Finance 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 shares into ISA |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
||||||
|
e)
|
Date of the transaction
|
31 October 2025
|
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIM
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||
|
a)
|
Name |
Rosemary James |
||||||||||||
|
2
|
Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Spouse and PCA of Pete James, Group Finance 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
|
1) Sale of shares 2) Purchase of shares into ISA |
||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. N/A - single transaction 2. N/A - single transaction
|
||||||||||||
|
e)
|
Date of the transaction
|
1. 30 October 2025 2. 30 October 2025 |
||||||||||||
|
f)
|
Place of the transaction
|
1. London Stock Exchange - AIM 2. London Stock Exchange - AIM
|
||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
William James |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Son and PCA of Peter James, Group Finance 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 shares into ISA |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction |
||||||
|
e)
|
Date of the transaction
|
30 October 2025
|
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIM
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Emily James |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Daughter and PCA of Peter James, Group Finance 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 shares into ISA |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction |
||||||
|
e)
|
Date of the transaction
|
30 October 2025
|
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIM
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||||||
|
a)
|
Name |
Matthew Richards |
||||||||||||||||
|
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
|
1. Gift of ordinary shares to spouse, Lynette Richards 2. Sale of shares 3. Purchase of shares into ISA |
||||||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. N/A - single transaction 2. N/A - single transaction 3. N/A - single transaction
|
||||||||||||||||
|
e)
|
Date of the transaction
|
1. 30 October 2025 2. 30 October 2025 3. 30 October 2025
|
||||||||||||||||
|
f)
|
Place of the transaction
|
1. Outside a trading venue 2. London Stock Exchange - AIM 3. London Stock Exchange - AIM
|
||||||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||||||
|
a)
|
Name |
Lynette Richards |
||||||||||||||||
|
2
|
Reason for the notification
|
|||||||||||||||||
|
a)
|
Position/status
|
Spouse and PCA of Matthew Richards, 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
|
1. Acquisition of shares from Matthew Richards via transfer for nil consideration 2. Sale of shares 3. Purchase of shares into ISA |
||||||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. N/A - single transaction 2. N/A - single transaction 3. N/A - single transaction
|
||||||||||||||||
|
e)
|
Date of the transaction
|
1. 30 October 2025 2. 31 October 2025 3. 31 October 2025 |
||||||||||||||||
|
f)
|
Place of the transaction
|
1. Outside a trading venue 2. London Stock Exchange - AIM 3. London Stock Exchange - AIM
|
||||||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Marcus Richards |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Son and PCA of Matthew Richards, 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 shares into ISA |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction |
||||||
|
e)
|
Date of the transaction
|
30 October 2025
|
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIM
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Henry Richards |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Son and PCA of Matthew Richards, 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 shares into ISA |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction |
||||||
|
e)
|
Date of the transaction
|
30 October 2025
|
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange - AIM
|
||||||
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