Solid State's chairman sells shares to meet demand from shareholders

(ShareCast News) - The chairman of Solid State sold £0.37m worth in shares in the company to meet further institutional demand following upbeat full-year results.Anthony Frere sold 47,996 shares for an individual price of 775p, bringing home a total of £371,969.Following the transaction, Frere holds 8,004 shares in the electronics provider.The group said on Wednesday there has been significant demand for shares, both from new and existing institutional shareholders, since the release of its full-year results the week before.The company posted an increase in pre-tax profit by 40% to £3m and turnover up 14% to £36.56m.Chief executive Gary Marsh said at the time: "Following a similar exercise last November, we are once again delighted to be attracting interest from new institutional shareholders and to have the opportunity to satisfy that demand and thereby continue to increase the free market capital of the company."Top Director BuysNoricum Gold Ltd (DI) (NMG) Director name: Mr Martyn John ChurchouseAmount purchased: 253,750,000 @ 0.20p Value: £507,500Cdialogues (CDOG) Director name: Mr Mark Ian HorrocksAmount purchased: 6,344 @ 312.50p Value: £19,825Cdialogues (CDOG) Director name: Mr Jeffrey (Jeff) Phillip Gordon Amount purchased: 3,416 @ 312.50p Value: £10,675Top Director SellsBabcock International Group (BAB) Director name: Mr Archie BethelAmount sold: 99,316 @ 1,108.47p Value: £1,100,888Solid State (SOLI) Director name: Mr Anthony B. FrereAmount sold: 47,996 @ 775.00p Value: £371,969red24 (REDT) Director name: Mr Simon RichardsAmount sold: 200,000 @ 29.25p Value: £58,500El Oro Ltd (ELX) Director name: Mr C. Robin W. ParishAmount sold: 90,000 @ 55.00p Value: £49,500