Solid State PLC Exercise of Options (6498Z)
13 Gennaio 2020 - 4:50PM
UK Regulatory
TIDMSOLI
RNS Number : 6498Z
Solid State PLC
13 January 2020
13 January 2020
Solid State plc
("Solid State", the "Group" or the "Company")
Exercise of options
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
distributor of electronic components, announces that it has issued
and allotted 16,000 ordinary shares of 5 pence each ("Ordinary
Shares") to Gary Marsh (Chief Executive) pursuant to the exercise
of share options at 0.1 pence per share under the Company's LTIP
EMI Option Agreement.
Accordingly, application has been made for the 16,000 new
Ordinary Shares to be admitted to trading on AIM and it is expected
that admission will take place on or about 8.00 a.m. on 14 January
2020 ("Admission").
Following the exercise of options, Mr Marsh's beneficial holding
will be 296,795 Ordinary Shares, representing 3.48 per cent. of the
Company's voting share capital.
In accordance with the Disclosure and Transparency Rules (DTR
5.6.1R) the Company hereby notifies the market that immediately
following this transaction its issued share capital will consist of
8,548,878 Ordinary Shares of 5 pence each of which 29,374 are held
in Treasury. Therefore, the total number of voting rights in the
Company is 8,519,504. Shareholders may use this figure as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FSA's Disclosure and
Transparency Rules.
The below notification made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gary Marsh
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2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Director
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b) Initial notification Initial Notification
/Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Solid State plc
------------------------------- ----------------------------------
b) LEI 213800QUHS9QTN5T1P62
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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, Ordinary shares of 5p each
type of instrument
GB0008237132
Identification code
------------------------------- ----------------------------------
b) Nature of the transaction Exercise of Options
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c) Price(s) and volume(s) Price(s) Volume(s)
0.1p 16,000
----------
Exercise
------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 16,000
- Price GBP16.00
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e) Date of the transaction 13 January 2020
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f) Place of the transaction London Stock Exchange, AIM
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For further information please contact:
Solid State plc 01527 830 630
Gary Marsh - Chief Executive investor.information@solidstateplc.com
Peter James - Group Finance Director
WH Ireland (Nominated Adviser & Joint
Broker) 0117 945 3470
Mike Coe / Chris Savidge (Corporate
Finance)
Jasper Berry / David Kilbourn (Corporate
Broking / Sales)
finnCap (Joint Broker)
Ed Frisby / Kate Bannatyne (Corporate
Finance)
Emily Morris / Rhys Williams (Corporate
Broking / Sales) 020 7220 0500
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
Solid State plc (SOLI) is a value added electronics group
supplying industrial and military markets with ruggedised/durable
components, assemblies and manufactured units for use in harsh
environments. The Group's mantra is - 'Trusted technology for
demanding applications'. To see an introductory video on the Group
- https://youtu.be/bp4WfLCEc5Y
Operating through two main divisions: Manufacturing (Steatite)
and Value Added Distribution (Solid State Supplies & Pacer);
the Group specialises in complex engineering challenges often
requiring design-in support and component sourcing for computing,
power, communications, electronic and optoelectronic products.
Headquartered in Redditch, Solid State employs over 200 staff
across the UK with a branch office in the USA, serving specialist
markets in oil & gas production, transportation, medical,
construction, security, military and field maintenance.
Solid State was established in 1971 and admitted to AIM in June
1996. The Group has grown organically and by acquisition - having
made 10 acquisitions.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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