Last checked at 13 Apr 2011 11:30
13 April 2011
Solid State plc (the "Company")
Directors' Exercise of Share Options
Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, announces that Gary Marsh, Chief Executive, and John Lavery, Executive Director, have today exercised share options as detailed below:
Name | Number of Share Options Exercised | Shareholding following Exercise | Percentage of Issued Share Capital |
Gary Marsh | 317,460 | 391,169 | 5.76% |
John Lavery | 317,460 | 318,320 | 4.69% |
Application has been made for the admission of the 634,920 new ordinary shares to trading on AIM and is expected that such admission will become effective on 19 April 2011. These new ordinary shares will rank pari passu with the existing ordinary shares of the Company.
Following the exercise of these share options, there will be 6,791,431 ordinary shares in issue.
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 5p each of Solid State plc in issue as at 13 April 2011 is 6,791,431.
The above figure of 6,791,431 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure and Transparency Rules.
For further information please contact:
Solid State plc
Gary Marsh - Chief Executive 01892 836 836
FoxDavies 020 3463 5010
(Nominated Adviser)
Philip Davies
Notes to Editors:
Solid State plc (SSP) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring batteries, electronic components and industrial/rugged computing products for use in harsh environments.
Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.
Headquartered in Paddock Wood in Kent, Solid State employs 75 staff across 3 sites. Solid State operates through three main divisions: Solid State Supplies, Steatite and Rugged Systems.
Solid State was established in 1971 and admitted to AIM in June 1996.