Solid State PLC Transaction in Own Shares (7919N)
23 January 2019 - 12:25AM
UK Regulatory
TIDMSOLI
RNS Number : 7919N
Solid State PLC
22 January 2019
22 January 2019
Solid State plc
("Solid State", the "Group" or the "Company")
Purchase of Own Shares
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
distributor of electronic components, announces that on 18 January
2019 it purchased 10,000 of its own ordinary shares of 5p each
("Ordinary Shares") at a price of 346 pence per share, all to be
held as treasury shares. The Company now holds 47,394 Ordinary
Shares in treasury.
It is anticipated that these shares will be used to satisfy
future awards under the Company's Staff All Employee Share
Ownership Plan.
In accordance with the Disclosure and Transparency Rules (DTR
5.6.1R) the Company hereby notifies the market that immediately
following this purchase for treasury its issued share capital will
remain the same and consist of 8,532,878 Ordinary Shares of which
47,394 are held in Treasury. Therefore, the total number of voting
rights in the Company is 8,485,484. 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 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
Peter James - Group Finance Director
WH Ireland (Nominated Adviser & Joint
Broker) 0117 945 3470
Mike Coe / Chris Savidge (Corporate
Finance)
Jasper Berry / David Kilbourn (Corporate
Broking / Sales)
finnCap (Joint Broker)
Ed Frisby / Kate Bannatyne (Corporate
Finance)
Emily Morris / Rhys Williams (Corporate
Broking / Sales) 020 7220 0500
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 distribution, design-in and
manufacturing services to those acquiring computing, power and
communications products and electronic component 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 component supplier 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 in the Uk with a sales office in the USA. Solid
State operates through two main divisions: Manufacturing and Value
Added Distribution.
Solid State was established in 1971 and admitted to AIM in June
1996.
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.
END
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