Solid State Regulatory News (SOLI)

23 Jan 2008 17:02

Solid State PLC23 January 2008 Solid State plc ("Solid State" or the "Company") Issue of Options The Board of Solid State announces that in accordance with the EMI Share Optioncontract dated 22 January 2008, Gary Marsh and John Lavery, Executive Directorsof the Company, have been allocated a total of 634,920 share options at 31.5pence per share whilst their existing 320,000 share options have been revoked. Options Issued to Directors on the 22nd January 2008 G. S. Marsh 317,460 J. M. Lavery 317,460 As a result, Gary Marsh and John Lavery are each now interested in 317,460 shareoptions over Ordinary Shares. The options are capable of being exercised indefinitely during the periodstarting on the 22 January 2009 subject to the share price for ordinary sharesequalling or exceeding 50 pence for twenty consecutive business days precedingexercise. In addition to the options granted above, G. S. Marsh has a beneficial interestin 73,197 Ordinary Shares in the Company representing approximately 1.19% of thetotal issued share capital, whilst J. M. Lavery has no beneficial interest inthe Company. 23 January 2008 Enquiries: Charles Stanley Securities 0207 149 6000 (Nominated Adviser) Philip Davies/Adam Sumner This information is provided by RNS The company news service from the London Stock Exchange