17 December 2024
Solid State
plc
("Solid
State", the "Group" or the "Company")
Transaction in Own
Shares
Solid State plc (AIM: SOLI), the
specialist value added component supplier and design-in
manufacturer of computing, power, and communications
products, announces that on 16 December
2024 it purchased 383,141 of its own ordinary shares of 5p each
("Ordinary Shares") at a price of 130.5 pence per share to be held
as treasury shares. It is anticipated that these shares will
principally be used to satisfy future awards under the Company's
options schemes.
The Company hereby notifies the
market that immediately following this purchase for treasury its
issued share capital remains the same, consisting of 57,081,720
Ordinary Shares of which 419,121 are held in treasury. Therefore,
the total number of voting rights in the Company is 56,662,599.
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.
For
further information please contact:
|
Solid State plc
Gary Marsh - Chief
Executive
Peter James - Group Finance
Director
|
Via Walbrook
|
|
Cavendish Capital Markets Limited
(Nominated Adviser &
Broker)
Adrian Hadden / Callum Davidson
(Corporate Finance)
Jasper Berry / Tim Redfern (Sales /
ECM)
|
020 7220 0500
|
|
Walbrook PR (Financial
PR)
Tom Cooper / Nick Rome / Joe
Walker
|
020 7933 8780
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 (AIM: SOLI) is a
leading value-added electronics group supplying industrial and
defence markets with durable components, assemblies and
manufactured systems for use in critical applications, with a
particular emphasis on harsh operational environments. Solid
State's products are found around the world, from the ocean floor
and into space, ensuring the smooth operation of systems that
augment our everyday lives.
The Company has a core focus on
industrial and ruggedised computing, battery power solutions,
antennas, secure radio systems, imaging technologies, and
electronic components & displays.
Operating through two divisions
(Systems and Components) the Group thrives on complex engineering
challenges, often requiring design-in support and component
sourcing. Serving a wide range of industries, with a particular
focus on defence, energy production, aerospace, environmental,
oceanographic, industrial, robotics, medical, life sciences, and
transportation, the Solid State trading brands have become
synonymous with quality and reliability. The Group operates under
the brands of Steatite, Solsta, Custom Power, Pacer, Active
Silicon, Gateway and Durakool.
Solid State plc is headquartered in
Redditch, UK, and employs over 400 people around the world. The
business has seven production facilities in the UK and two in the
USA. In total, including all office locations, the Group operates
from 15 national and international sites.
Solid State was established in 1971
and admitted to AIM in June 1996. The Group has grown
organically and by acquisition - having made four acquisitions in
the last four years.
Take a look at the videos below for
more insight into the Solid State Group.
Introduction to Solid State -
https://youtu.be/1M_Q_B1mYic
Why invest in Solid State? -
https://youtu.be/ShmTz6005ws
