solid-state-logo2

INVESTOR INFORMATION

Shareholder Information

Share Capital



06/06/17
No.
31/03/16
No.
06/06/17
£
31/03/16
£
Ordinary shares of 5p each.

Allotted, issued and fully paid excluding shares held in treasury.



8,459,118



8,319,994



422,956



419,000

Shares held in treasury

37,394

42,021

1,870

2,101

Shares not in public hands

50.15%

53.84%



Total

8,496,512

8,422,015

424,826

421,101


Share Option Schemes

An Enterprise Management Incentive Scheme was adopted by the Company in September 2000 and formally approved at an Extraordinary General Meeting on 12th December 2000.

A Long Term Incentive Plan (LTIP) EMI Share Option Contract was granted to each of the following directors on 1st June 2017.

Date of Grant Director Allocation Details Exercise Period
1st June 2017 Gary Marsh
Executive Director
48,000 share options at 0.1 pence per share 1st July 2018 to 31st May 2027
1st June 2017 John Macmichael
Executive Director
48,000 share options at 0.1 pence per share 1st July 2018 to 31st May 2027
1st June 2017 Matthew Richards
Executive Director
48,000 share options at 0.1 pence per share 1st July 2018 to 31st May 2027
1st June 2017 Peter James
Executive Director
48,000 share options at 0.1 pence per share 1st July 2018 to 31st May 2027

The Options are subject to performance criteria determined by the Remuneration Committee linked to the pre tax profit performance of the Group and its subsidiaries in each year of a three year vesting period from the date of grant. The performance period runs from 1st April 2017 to 31st March 2020.

The performance conditions attaching to the options are identical for all the directors. Performance is measured on an annual basis for a three year period with a maximum of 16,000, options available in each of years one, two and three.

The Remuneration Committee retain the ability to pay at its discretion additional cash bonuses in exceptional circumstances.

The independent directors, being the directors not receiving option awards, who have consulted WH Ireland, consider the terms of the grant to be fair and reasonable insofar as the interests of shareholders are concerned.

Beneficial Interests as at 1st June 2017

Name Number of Ordinary Shares % of Total Share Capital
G.S. Marsh 481,886 5.70%
J.L. Macmichael 120,222 1.42%
M.T. Richards 2,400 0.03%
P.O. James - -

​No options have been exercised in the current financial year to 1st June 2017 (2016:74,497).

Major shareholders (3% and over)

Hargreave Hale & Co 18.30%
Charles Stanley & Co 11.95%
Mr & Mrs Gordon Comben 10.64%
Schroder & Co Bank AG
7.84%
Mr & Mrs William Marsh
7.68%
Mr & Mrs Gary Marsh
5.70%


Explore this section to learn more about:-

Solid State News

Solid State PLC
Ravensbank Business Park, Hedera Road,
Redditch, Worcestershire, B98 9EY

Email us on:
investor.information@solidstateplc.com
Call us on: +44 (0)1527 830630

company-of-the-year-white
executive-director-of-the-year-white