CML Microsystems PLC Director/PDMR Shareholding (2611I)

TIDMCML

RNS Number : 2611I

CML Microsystems PLC

20 March 2018

20 March 2018

CML Microsystems Plc

("CML" or "the Group")

Director/PDMR Dealing

The Company announces that on 16 March 2018, Chris Gurry, Group Managing Director, sold a total of 8,751 ordinary 5p shares in the Company ("Ordinary Shares") for tax purposes, at a weighted average price of 504.2p per share. Following this sale, Mr Gurry and his wife have a total interest in 908,816 Ordinary Shares in the Company, representing approximately 5.33% of its issued share capital.

Further information is disclosed below in accordance with Article 19 of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                      Chris Gurry 
---  ------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status           Group Managing Director 
---  ------------------------  ---------------------------- 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                      CML Microsystems Plc 
---  ------------------------  ---------------------------- 
 b)   LEI                       213800HF8HL7CZDM5C42 
---  ------------------------  ---------------------------- 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------ 
 a)   Description of            5p ordinary shares in CML 
       the financial             Microsystems Plc 
       instrument, type 
       of instrument 
 
       Identification            ISIN: GB0001602944 
       code 
---  ------------------------  ---------------------------- 
 b)   Nature of the             Sale of ordinary shares in 
       transaction               CML Microsystems Plc 
---  ------------------------  ---------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  -------------- 
                                   505.0p     4,876 shares 
                                    503.1p     3,875 shares 
                                  ---------  -------------- 
---  ------------------------  ---------------------------- 
 d)   Aggregated information 
 
       - Aggregated 
       volume                     8,751 shares 
 
 
       - Weighted Price           504.2p 
---  ------------------------  ---------------------------- 
 e)   Date of the transaction   16 March 2018 
---  ------------------------  ---------------------------- 
 f)   Place of the              London Stock Exchange, Main 
       transaction               Market (XLON) 
---  ------------------------  ---------------------------- 
 
 
 CML Microsystems Plc           www.cmlmicroplc.com 
  Chris Gurry, Group Managing    Tel: [phone] 
  Director                       500 
  Neil Pritchard, Group 
  Financial Director 
 Cenkos Securities plc          Tel: [phone] 
  Russell Kerr (Sales) 
  Max Hartley (Corporate 
  Finance) 
 SP Angel Corporate Finance     Tel: [phone] 
  LLP 
  Jeff Keating 
 Alma PR 
  Josh Royston                    Tel: [phone] 
  Robyn Fisher                    Tel: [phone] 
 

About CML Microsystems PLC

CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers.

The spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has no borrowings and is dividend paying.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 20, 2018 04:52 ET (08:52 GMT)