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Solid State CFO Transfers Shares to SIPP

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Solid State CFO Transfers Shares to SIPP

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An announcement from Solid State ( (GB:SOLI) ) is now available.

Solid State plc has announced a share transaction involving Peter James, the Chief Financial Officer, and his wife Rosemary James. The transaction involves transferring ordinary shares from their personal holdings into Rosemary’s self-invested personal pension (SIPP) through a sale and repurchase process. Despite the transaction, the total number of shares held by Peter James and his closely associated persons remains unchanged at 106,260. This reflects a strategic financial maneuver rather than a change in stake, ensuring financial stability and continuity within the company’s executive team.

More about Solid State

Solid State plc is a prominent value-added electronics group that provides industrial and defense markets with resilient components, assemblies, and manufactured systems designed for critical applications, often in harsh operational environments. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components and displays. With operations divided into Systems and Components, Solid State serves a diverse range of industries, including defense, energy production, aerospace, and more. The company is headquartered in Redditch, UK, employs over 400 people globally, and operates from 15 sites across the UK and USA.

YTD Price Performance: -2.54%

Average Trading Volume: 130,565

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £71.39M

See more insights into SOLI stock on TipRanks’ Stock Analysis page.

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