Solid State PLC Issue of Equity (7191O)
05 Octobre 2023 - 8:00AM
UK Regulatory
TIDMSOLI
RNS Number : 7191O
Solid State PLC
05 October 2023
5 October 2023
Solid State plc
("Solid State", the "Group" or the "Company")
Issue of Equity and 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 the issuance of 3,500 new
ordinary shares of 5p each ("Ordinary Shares") to satisfy an
exercise of options by an employee of the Company. Accordingly, an
application has been made for 3,500 new Ordinary Shares to be
admitted to trading on AIM ("Admission"). These shares will rank
pari passu with the Company's existing ordinary shares and it is
expected that Admission will become effective at 8.00 a.m. on
10(th) October 2023.
Total Voting Rights
Following Admission, the Company's issued share capital will
consist of 11,349,894 Ordinary Shares of which 21,946 are held in
treasury. Therefore, the total number of voting rights in the
Company following Admission will be 11,327,948. 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
Disclosure Guidance and Transparency Rules.
Change of Name of Nominated Adviser and Broker
The Company also announces that its Nominated Adviser and Sole
Broker has changed its name to Cavendish Securities plc following
completion of its own corporate merger.
For further information please contact:
Solid State plc Via Walbrook
Gary Marsh - Chief Executive
Peter James - Group Finance Director
Cavendish Securities plc (Nominated
Adviser & Broker)
Adrian Hadden / Callum Davidson (Corporate
Finance) 020 7397 8900
Jasper Berry / Tim Redfern (Sales
/ ECM) 020 7220 0500
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Nick Rome / Joe Walker 0797 122 1972
solidstate@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 defence markets with durable
components, assemblies, manufactured units and power units for use
in specialist and harsh environments. The Group's mantra is -
'Trusted technology for demanding environments'. To see an
introductory video on the Group - https://bit.ly/3kzddx7
Operating through two main divisions: Systems (Steatite, Active
Silicon & Custom Power) 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
400 staff across the UK and US, serving specialist markets with
high barriers to entry 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 three acquisitions in the last three years.
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END
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October 05, 2023 02:00 ET (06:00 GMT)
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