Exercise of Options, PDMR Dealings & TVR
On September 22, 2025, Solid State plc announced the exercise of options by two directors, Matthew Richards and Peter James, who exercised options over 52,000 and 40,000 ordinary shares respectively, at a price of 0.02p per share under the Enterprise Management Incentive Scheme. The company transferred 92,000 existing ordinary shares from Treasury to satisfy these exercises. Following the exercise, Peter James gifted 16,000 Ordinary Shares to his wife, Rosemary James. Consequently, Peter James' total shareholding increased to 146,260 Ordinary Shares, and Matthew Richards' increased to 147,732 Ordinary Shares. Following these transactions, the company's issued share capital remains at 57,081,720 Ordinary Shares, with 239,121 shares held in Treasury, resulting in total voting rights of 56,842,599.
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Exercise of Options & PDMR Dealings
Total Voting Rights
Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that on 22 September 2025, Matthew Richards (Director) and Peter James (Group Finance Director) exercised options over 52,000 and 40,000 ordinary shares of 5p each in the Company ("Ordinary Shares") respectively, pursuant to the Company's Enterprise Management Incentive Scheme, at an exercise price of 0.02 p per share. To satisfy these option exercises, the Company has transferred a total of 92,000 existing ordinary shares from Treasury to the beneficiaries.
Following the exercise of options, the Company announces that Pete James has gifted 16,000 Ordinary Shares to his wife, Rosemary James.
As a result of these exercise, Pete James' total shareholding, including those held by his persons associated has increased to 146,260 Ordinary Shares and Matthew Richards' total shareholdings, including those persons closely associated has increased to 147,732 Ordinary Shares.
Total Voting Rights
Following the exercise of options, the Company's issued share capital remains the same at 57,081,720 Ordinary Shares and the number of shares held in Treasury has reduced to 239,121 Ordinary Shares. Accordingly, the total number of voting rights in the Company is now 56,842,599. 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 FCA's Disclosure Guidance and Transparency Rules.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Peter James |
| 2 | Reason for the notification | |
| a) | Position/status | Group Finance Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Solid State plc |
| b) | LEI | 213800QUHS9QTN5T1P62 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0008237132 |
| b) | Nature of the transaction | 1) Exercise of options under the Company's Enterprise Management Incentive (EMI) Scheme 2) Gift of ordinary shares to Rosemary James, spouse and PCA |
| c) | Price(s) and volume(s) | Transaction Type Price(s) Volume(s) 1. Exercise of options Exercise price of 0.02p per share 40,000 2. Gift of ordinary shares to spouse Nil 16,000 |
| d) | Aggregated information - Aggregated volume - Price | 1. N/A - single transaction 2. N/A - single transaction |
| e) | Date of the transaction | 1. 22 September 2025 2. 22 September 2025 |
| f) | Place of the transaction | 1. Outside a trading venue 2. Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rosemary James |
| 2 | Reason for the notification | |
| a) | Position/status | Spouse and PCA of Pete James, Group Finance Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Solid State plc |
| b) | LEI | 213800QUHS9QTN5T1P62 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0008237132 |
| b) | Nature of the transaction | Acquisition of shares from Pete James via transfer for nil consideration |
| c) | Price(s) and volume(s) | Type Price(s) Volume(s) Gift of shares from Pete James Nil 16,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction |
| e) | Date of the transaction | 22 September 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Matthew Richards |
| 2 | Reason for the notification | |
| a) | Position/status | Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Solid State plc |
| b) | LEI | 213800QUHS9QTN5T1P62 |
| 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 under the Company's Enterprise Management Incentive (EMI) Scheme |
| c) | Price(s) and volume(s) | Type Price(s) Volume(s) Exercise of options Exercise price of 0.02p per share 52,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction |
| e) | Date of the transaction | 22 September 2025 |
| f) | Place of the transaction | Outside a trading venue |
Introduction to Solid State - https://youtu.be/1M_Q_B1mYic
Why invest in Solid State? - https://youtu.be/ShmTz6005ws
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.