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Pin to quick picksSolid State Regulatory News (SOLI)

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Exercise of Options, Director Dealing and TVR

24 Feb 2023 14:58

RNS Number : 0393R
Solid State PLC
24 February 2023
 

FOR IMMEDIATE RELEASE

 

24 February 2023

 

 

SOLID STATE PLC

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

Exercise of Options, Director Dealing and Total Voting Rights

 

 

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added supplier of electronic components, announces that on 24 February 2023, options over a total of 24,000 ordinary shares of 5p each in Solid State Plc ("Ordinary Shares") were exercised under the Enterprise Management Incentive Scheme at an exercise price of 0.1p by Gary Marsh, Chief Executive Officer, Pete James, Chief Financial Officer and John Macmichael, Director.

 

The Company has also been notified that on 24 February 2023, 1,200 Ordinary Shares were sold by Mrs Laura Marsh (the spouse of Gary Marsh) to cover the costs associated with the exercise of options. In addition, it has been notified that on 24 February 2023, Pete James and John Macmichael sold 1,200 Ordinary Shares each to cover the costs associated with the exercise of options.

 

Details of the exercise of option and sale of shares are set out below:

Director

Title 

Number of options exercised 

Number of Ordinary Shares Sold

Total number of ordinary shares held post the exercise and sale

% of total voting rights following the exercise of options**

Gary Marsh

CEO

8,000

1,200*

288,676

2.5%

Pete James

CFO

8,000

1,200

12,445

0.1%

John Macmichael

Director

8,000

1,200

131,242

1.2%

 

Notes

* sold by Laura Marsh, spouse of Gary Marsh

**the shareholdings of the Directors and their spouses

 

Application has been made for the admission of the 24,000 new Ordinary Shares to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. It is expected that Admission will become effective at 8.00 a.m. on 27 February 2023.

 

 Total Voting Rights

 

Following Admission, the Company's issued share capital will consist of 11,346,394 Ordinary Shares of which 21,946 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 11,324,448. 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 Disclosure and Transparency Rules.

 

For further information please contact:

 

Solid State plc

Gary Marsh - Chief Executive

Peter James - Group Finance Director

 Via Walbrook

WH Ireland (Nominated Adviser & Joint Broker)

020 7220 1666

Mike Coe / Sarah Mather (Corporate Finance)

Fraser Marshall (Corporate Broking / Sales)

 

finnCap (Joint Broker)

Ed Frisby (Corporate Finance)

 

Rhys Williams / Tim Redfern (Sales / ECM)

020 7220 0500

Walbrook PR (Financial PR)

020 7933 8780

Tom Cooper / Nick Rome

0797 122 1972

 

solidstate@walbrookpr.com

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Gary Marsh

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Exercise of Options

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Exercise

of

Options

0.1p

8,000

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

8,000

 

 

£8.00

e)

 

Date of the transaction

 

24 February 2023

 

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Peter James

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Exercise of Options

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Exercise of Options

0.1p

8,000

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

8,000

 

£8.00

e)

 

Date of the transaction

 

24 February 2023

 

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

John Macmichael

2

 

Reason for the notification

 

a)

 

Position/status

 

Director 

b)

 

Initial notification /Amendment

 

Initial Notification

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, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

b)

 

Nature of the transaction

 

Exercise of Options

c)

 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Exercise of Options

0.1p

8,000

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

8,000

 

£8.00

e)

 

Date of the transaction

 

24 February 2023

 

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

Peter James

Reason for the notification

 

Position/status

 

Chief Financial Officer

Initial notification /Amendment

 

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Name

 

Solid State plc

LEI

213800QUHS9QTN5T1P62

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

 

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

Nature of the transaction

 

Sale of Shares 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Sale

£13.10

1,200

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

1,200

 

 

£15,720

 

Date of the transaction

 

24 February 2023

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

Laura Marsh

Reason for the notification

 

Position/status

 

PCA (Spouse of Gary Marsh, CEO)

Initial notification /Amendment

 

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Name

 

Solid State plc

LEI

213800QUHS9QTN5T1P62

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

 

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

Nature of the transaction

 

Sale of Shares 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Sale

£13.10

1,200

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

1,200

 

 

£15,720

 

Date of the transaction

 

24 February 2023

 

Place of the transaction

 

London Stock Exchange, AIM

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

John Macmichael

Reason for the notification

 

Position/status

 

Divisional Managing Director

Initial notification /Amendment

 

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Name

 

Solid State plc

LEI

213800QUHS9QTN5T1P62

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

 

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 5p each

 

GB0008237132

 

Nature of the transaction

 

Sale of Shares 

Price(s) and volume(s)

 

 

 

 

 

Type

Price(s)

 

Volume(s)

Sale

£13.10

1,200

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

1,200

 

 

£15,720

 

Date of the transaction

 

24 February 2023

 

Place of the transaction

 

London Stock Exchange, AIM

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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