CML Microsystems PLC Transaction in Own Shares and Total Voting Rights

RNS Number : 7573J

CML Microsystems PLC

09 April 2024

 

9 April 2024

CML Microsystems Plc

("CML", the "Company" or the "Group") 

Transaction in Own Shares and Total Voting Rights

CML announces that it purchased, in accordance with the authority granted by shareholders at the 2023 Annual General Meeting, 42,500 ordinary shares of 5p each ("Ordinary Shares") at a price of £3.00 per share on 8 April 2024. These Ordinary Shares will be held in Treasury.

Total Voting Rights

In conformity with the Financial Conduct Authority's Disclosure and Transparency rules, CML Microsystems Plc hereby notifies the market that the Company's issued share capital comprises 16,101,579 ordinary shares of 5p each. All of these shares carry voting rights. In addition to these 16,101,579 ordinary shares, the total number of treasury shares held is 403,175 which do not carry voting rights. 

The above figure of 16,101,579 ordinary shares in the Company carrying voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

 

CML Microsystems Plc Chris Gurry, Group Managing Director Nigel Clark, Non-Executive Chairman	Tel: [phone]
Shore Capital Toby Gibbs James Thomas Lucy Bowden Fiona Conroy (Corporate Broking)	Tel: [phone]
Alma Strategic Communications Josh Royston Andy Bryant Robyn Fisher	Tel: [phone]

 

About CML Microsystems Plc

CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication 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 commercial and industrial product manufacturers.

Growth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).

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

 

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