Exercise of Options, PDMR Dealings & TVR
Solid State plc announced that on September 22, 2026, certain employees and persons discharging managerial responsibilities (PDMRs) exercised options to acquire a total of 158,500 ordinary shares at an exercise price of 0.02p per share. Notably, CFO Peter James exercised options for 37,500 shares and CRO Matthew Richards for 50,000 shares, with both subsequently gifting 12,500 shares to their respective spouses. Following these transactions, Peter James's beneficial shareholding increased to 192,904 shares, and Matthew Richards's to 198,517 shares. The total number of voting rights in the company is now 56,958,212.
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Exercise of Options & PDMR Dealings
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 2026, the Company was notified by certain employee and PDMR option holders to exercise a total of 158,500 ordinary shares of 5p each in the Company ("Ordinary Shares").
This included PDMRs Matthew Richards (CRO) and Peter James (CFO) who exercised options over 50,000 and 37,500 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 0.02p per share.
To satisfy these option exercises, the Company has transferred a total of 158,500 existing ordinary shares from Treasury to the beneficiaries.
Following the exercise, Peter James has gifted 12,500 Ordinary Shares to his wife, Rosemary James and Matthew Richards gifted 12,500 Ordinary Shares to his wife, Lynette Richards.
As a result of these exercises, Peter James’ total beneficial shareholding, including those held by his persons associated, has increased to 192,904 Ordinary Shares and Matthew Richards’ total shareholdings, including those persons closely associated has increased to 198,517 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 123,508 Ordinary Shares. Accordingly, the total number of voting rights in the Company is now 56,958,212. 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 | CFO |
| 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 Gift of ordinary shares to Rosemary James, spouse and PCA |
| c) | Price(s) and volume(s) | Transaction Type Price(s) Volume(s) Exercise of options Exercise price of 0.02p per share 37,500 Gift of ordinary shares to spouse Nil 12,500 |
| e) | Date of the transaction | 22 September 2026 22 September 2026 |
| f) | Place of the transaction | Outside a trading venue 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, CFO |
| 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 Peter James Nil 12,500 |
| d) | Aggregated information - Aggregated volume - Price | N/A – single transaction |
| e) | Date of the transaction | 22 September 2026 |
| 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 | CRO |
| 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) | Transaction Type Price(s) Volume(s) 1 Exercise of options Exercise price of 0.02p per share 50,000 2 Gift of ordinary shares to spouse Nil 12,500 |
| d) | Aggregated information - Aggregated volume - Price | N/A – single transaction |
| e) | Date of the transaction | 22 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Lynette Richards |
| 2 | Reason for the notification | |
| a) | Position/status | Spouse and PCA of Matthew Richards CRO |
| 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 Matthew Richards Nil 12,500 |
| d) | Aggregated information - Aggregated volume - Price | N/A – single transaction |
| e) | Date of the transaction | 22 September 2026 |
| 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
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