Solid State PLC Exercise of Options (4818H)
18 August 2016 - 4:01PM
UK Regulatory
TIDMSOLI
RNS Number : 4818H
Solid State PLC
18 August 2016
18 August 2016
Solid State plc
("Solid State" or the "Company")
Exercise of Directors' Share Options
Solid State plc (AIM: SOLI), the AIM listed supplier of
specialist industrial/ruggedised computers, electronic components,
secure communications systems and battery power solutions to the
electronics market, announces that it has issued and allotted
74,497 ordinary shares of 5 pence each ("Ordinary Shares") pursuant
to the exercise of share options under the Company's Long Term
Incentive Plan (LTIP) Enterprise Management Incentive Scheme.
Of these 31,600 have been issued to Gary Marsh (Chief
Executive), 31,600 have been issued to John Lavery (Director) and
the balance of 11,297 have been issued to John Macmichael
(Director) all at an exercise price of 5 pence.
Accordingly, application has been made for the 74,497 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 23 August
2016 ("Admission").
Further to this exercise, Gary Marsh's, John Lavery's, John
Macmichael's and their respective wives revised holdings in the
Company will be 481,671, 128,058 and 119,997 shares respectively,
representing approximately 5.71%, 1.51% and 1.42% respectively of
the enlarged voting share capital.
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
8,496,512 Ordinary Shares of 5 pence each of which 42,021 are held
in Treasury. Therefore, the total number of voting rights in the
Company is 8,454,491. Shareholders may use these 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.
For further information please contact:
Solid State plc 01527 830 630
Gary Marsh - Chief Executive investor.information@solidstateplc.com
WH Ireland (Nominated
Adviser) 0117 945 3470
Mike Coe / Ed Allsopp
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 leading value added group of
companies providing specialist design-in and manufacturing services
to those acquiring industrial/rugged computing products, battery
power solutions, secure communications systems and electronic
components 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 Redditch, Solid State employs over 200 staff
across five sites. Solid State operates through two main divisions:
Solid State Supplies and Steatite.
Solid State was established in 1971 and admitted to AIM in June
1996.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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