TIDMSOLI

RNS Number : 7702R

Solid State PLC

02 July 2020

2 July 2020

Solid State plc

("Solid State", the "Group" or the "Company")

Exercise of options, Total Voting Rights and director dealing.

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 John L Macmichael (Divisional MD) 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 6 July 2020 ("Admission").

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 8,564,878 Ordinary Shares of 5 pence each of which 7,374 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,557,504. 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 Company has been informed that on 1 July 2020, John L Macmichael (Divisional MD), sold 16,000 Ordinary Shares at 520 pence per share.

Following the exercise and sale John L Macmichael (Divisional MD) continues to hold 122,373 Ordinary Shares, representing 1.43%. of the Company's voting share capital.

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                             Mr John L Macmichael 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Director 
     -------------------------------  ---------------------------------- 
 b)   Initial notification             Initial Notification 
       /Amendment 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 5p each 
       type of instrument 
                                         GB0008237132 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Sale 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          0.1p       16,000 
 
       Exercise                            520p       16,000 
                                                    ---------- 
       Sale 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated exercise            16,000 
        volume 
       - Aggregated sale volume          16,000 
 
       - Aggregated exercise             GBP16 
        price 
       - Aggregated sale price           GBP83,200 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          1 July 2020 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ----------------------------------

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 / Ed Allsopp (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.

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