Solid State PLC Directors' Subscriptions (9669T)
July 27 2022 - 10:00AM
UK Regulatory
TIDMSOLI
RNS Number : 9669T
Solid State PLC
27 July 2022
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
ARTICLE 7 OF THE EU REGULATION 596/2014 AS IT FORMS PART OF THE UK
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").
UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
27 July 2022
Solid State plc
("Solid State", the " Group " or the "Company" )
Directors' Subscriptions
Solid State plc (AIM: SOLI), the specialist value added
component supplier and design-in manufacturer of computing, power
and communications products, is pleased to announce that pursuant
to the Fundraising announced on 12 July 2022 and the release of the
Company's results earlier today, the Directors of the Company have
subscribed for 14,146 New Ordinary Shares at the same issue price
as the Placing and Open Offer Shares of 1,025
pence. Further details on the Directors' individual subscription are set out in the table below.
Number of Director Number of existing shares
Subscription Shares held by the Directors
Subscribed for as at 27 July 2022
Nigel Rogers 1,951* 4,400
--------------------- --------------------------
Gary Marsh 976 280,892
--------------------- --------------------------
Peter James 2,439* 3,205
--------------------- --------------------------
Peter Magowan 2,927 4,000
--------------------- --------------------------
Matthew Richards 1,951 10,376
--------------------- --------------------------
Peter Haining 1,951 54,627
--------------------- --------------------------
John Macmichael 1,951 122,491
--------------------- --------------------------
Total 14,146
--------------------- --------------------------
* shares to be held in their spouses name
The Directors' Subscriptions together with the Placing and Open
Offer, as previously announced, are conditional on, amongst other
matters, the passing of the Resolution at the General Meeting to be
held on 29 July 2022 and upon the Placing and Open Offer Agreement
between the Company, WH Ireland and finnCap becoming unconditional
and not being terminated in accordance with its terms. A further
notification regarding the Directors' Subscriptions will be made
following Admission which is scheduled for 2 August 2022.
Definitions
Capitalised terms used in this announcement have the meanings
given to them in the Circular, published on 13 July 2022, unless
the context provides otherwise.
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) 0202 220 1666
Mike Coe / Sarah Mather (Corporate
Finance)
Fraser Marshall (Corporate Broking
/ Sales)
finnCap (Joint Broker) 020 7220 0500
Ed Frisby / Kate Bannatyne (Corporate
Finance)
Rhys Williams / Tim Redfern (Sales
/ ECM)
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Analyst Research Reports: For further analyst information and
research see the Solid State plc website:
https://solidstateplc.com/research/
Notes to Editors:
Solid State plc (SOLI) is a value added electronics group
supplying commercial, industrial and military markets with durable
components, assemblies and manufactured units for use in specialist
and harsh environments. The Group's mantra is - 'Trusted technology
for demanding applications'. To see an introductory video on the
Group
- https://bit.ly/3kzddx7
Operating through two main divisions: Systems (Steatite &
Active Silicon) and Components (Solid State Supplies, Pacer, Willow
Technologies & AEC); the Group specialises in complex
engineering challenges often requiring design-in support and
component sourcing for computing, power, communications,
electronic, electro-mechanical and opto-electronic products.
Headquartered in Redditch, UK, Solid State employs approximately
300 staff across UK and US, serving specialist markets in
industrial, defence and security, transportation, medical and
energy.
Solid State was established in 1971 and admitted to AIM in June
1996. The Group has grown organically and by acquisition - having
made 12 acquisitions since 2002.
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
DSHRRMJTMTATBPT
(END) Dow Jones Newswires
July 27, 2022 10:00 ET (14:00 GMT)
Solid State (LSE:SOLI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solid State (LSE:SOLI)
Historical Stock Chart
From Jul 2023 to Jul 2024