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LONDON - Directors of Solid State plc (AIM:SSP) have conducted a series of "bed and ISA" transactions, according to a regulatory filing released Monday.
Matthew Richards, Director, and Pete James, Group Finance Director, along with their persons closely associated (PCAs), executed multiple share transactions on October 30 and 31, 2025.
The transactions involved selling shares from personal holdings and repurchasing them within Individual Savings Accounts (ISAs), a common tax-efficient investment strategy in the UK.
Richards gifted 12,200 ordinary shares to his spouse, Lynette Richards, and sold 36,600 shares at 164.9 pence per share. He subsequently purchased 12,200 shares into his ISA at 165.0 pence per share. His children also purchased a combined 24,400 shares into their ISAs at the same price.
Following these transactions, Richards’ total shareholding, including those held by his PCAs, remains unchanged.
Pete James sold 23,700 ordinary shares from his personal holding at 155.0 pence per share and purchased a total of 12,904 shares into his ISA across two transactions at 155.25 pence and 150.0 pence per share. His children acquired a combined 11,570 shares into their ISAs at 155.52 pence per share.
James’ spouse, Rosemary James, sold 12,309 shares at 162.5 pence per share and purchased 12,299 shares into her ISA at the same price.
Following these transactions, Pete James’ shareholding, including those held by his PCAs, increased to 155,149 ordinary shares.
The company disclosed these transactions in accordance with regulatory requirements for dealings by persons discharging managerial responsibilities and their closely associated persons.
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