CML Microsystems PLC Transaction in Own Shares (5729Z)

TIDMCML

RNS Number : 5729Z

CML Microsystems PLC

21 September 2020

21 September 2020

CML Microsystems Plc

(The "Company" or the "Group")

Transaction in Own Shares

CML Microsystems Plc, which designs, manufactures and markets semiconductor solutions primarily for global communication and solid state storage markets, announces that on 18 September 2020, under the authority granted by shareholders on 29 July 2020, it purchased 615,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 256 pence per Ordinary Share. These shares are to be held in treasury.

Following this buyback of shares, the total number of Ordinary Shares in issue is 16,562,652 with each Ordinary Share holding one voting right and the new total number of treasury shares held is 638,467. Therefore, the total number of voting rights in the Company is 16,562,652 and this figure 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 Guidance and Transparency Rules.

 
 CML Microsystems Plc           www.cmlmicroplc.com 
  Chris Gurry, Group Managing    Tel: [phone] 
  Director 
  Nigel Clark, Group Chairman 
  and Financial Director 
 Shore Capital                  Tel: [phone] 
  Edward Mansfield 
  James Thomas 
 SP Angel Corporate Finance     Tel: [phone] 
  LLP 
  Jeff Keating 
 Alma PR 
  Josh Royston                    Tel: [phone] 
  Robyn Fisher 
  Caroline Forde 
 

About CML Microsystems PLC

CML designs and develops semiconductors for the industrial storage and communications markets. The Group 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 a net cash position and is dividend paying.

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September 21, 2020 05:05 ET (09:05 GMT)