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The latest announcement is out from Solid State ( (GB:SOLI) ).
Solid State plc announced the purchase of 383,141 of its own ordinary shares to be held as treasury shares, which are primarily intended for future option schemes. Despite this transaction, the company’s issued share capital remains unchanged, with 56,662,599 voting rights available for shareholders. This move indicates a strategic approach to managing its equity structure and highlights the company’s commitment to providing shareholder value through controlled share distribution.
More about Solid State
Solid State plc is a leading value-added electronics group supplying industrial and defense markets with durable components, assemblies, and manufactured systems for critical applications. The company focuses on ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Operating through two divisions, Systems and Components, Solid State serves a wide range of industries, including defense, energy production, aerospace, and more. Headquartered in Redditch, UK, it employs over 400 people and operates from 15 sites globally.
YTD Price Performance: -52.30%
Average Trading Volume: 138,159
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £74.16M
Find detailed analytics on SOLI stock on TipRanks’ Stock Analysis page.
