Business
Exercise of Options
Exercise of Options.
About this update from Solid State Plc
[{"type":"text","content":"\n \nRNS Number : 6498Z Solid State PLC 13 January 2020 \n\n \n \n13 January 2020\n \nSolid State plc\n(\"Solid State\", the \"Group\" or the \"Company\")\nExercise of options\n \nSolid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, announces that it has issued and allotted 16,000 ordinary shares of 5 pence each (\"Ordinary Shares\") to Gary Marsh (Chief Executive) pursuant to the exercise of share options at 0.1 pence per share under the Company's LTIP EMI Option Agreement.\n \nAccordingly, application has been made for the 16,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 14 January 2020 (\"Admission\").\n \nFollowing the exercise of options, Mr Marsh's beneficial holding will be 296,795 Ordinary Shares, representing 3.48 per cent. of the Company's voting share capital.\n \nIn accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 8,548,878 Ordinary Shares of 5 pence each of which 29,374 are held in Treasury. Therefore, the total number of voting rights in the Company is 8,519,504. 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 FSA's Disclosure and Transparency Rules. \n \n \nThe below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail. \n \n\n\n\n1 \n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated \n \n\n\n\n\na) \n \n\n\nName\n\n\nGary Marsh \n\n\n\n\n2 \n \n\n\nReason for the notification \n \n\n\n\n\na) \n \n\n\nPosition/status \n \n\n\nDirector\n\n\n\n\nb) \n \n\n\nInitial notification /Amendment \n \n\n\nInitial Notification\n\n\n\n\n3 \n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor \n \n\n\n\n\na) \n \n\n\nName \n \n\n\nSolid State plc\n\...