CML Microsystems PLC Transaction in Own Shares (2703J)

TIDMCML

RNS Number : 2703J

CML Microsystems PLC

26 April 2022

26 April 2022

CML Microsystems Plc

("CML", or the "Group")

Transaction in Own Shares and completion of buy-back programme

CML, which develops mixed-signal, RF and microwave semiconductors for global communications markets, announces that the Group has purchased ordinary shares of 5 pence each in its issued share capital as follows:

 
(1) Date of purchases:       25 April 2022 
(2) Number of shares 
 purchased:                  598,188 
(3) Average price per        410 pence 
 share: 
(4) Highest price per        410 pence 
 share: 
(5) Lowest price per         410 pence 
 share: 
(6) Treatment of purchased   Into Treasury 
 shares: 
 

The Group's issued share capital consists of 16,505,653 ordinary shares of 5p each ("Ordinary Shares"). Following the transfer of the 598,188 shares in treasury, the total number of treasury shares held is 1,386,655, which do not carry voting rights.

The total number of voting rights in the Group is therefore 15,907,465 (which excludes ordinary shares held by the Group in treasury for the benefit of its Employee Benefit Trust).

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Group under the FCA's Disclosure and Transparency Rules.

The purchases are in accordance with CML's buyback programme (the "Programme") announced on 13 April 2022. Under the Programme CML, has now bought back a total of 748,188 Ordinary Shares for a total cost of GBP3.0 million, as such the Program has now ended.

In accordance with Article 5(1)(b) of the Market Abuse Regulation 596/2014/EU incorporated into UK domestic law by the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Shore Capital as part of the Programme:

Schedule of Purchases - Individual Transactions

 
Number of shares  Transaction    Time of transaction 
 purchased         price (pence 
                   per share) 
173,188           410            14:47 
 

In addition, CML has conducted the following off-market transaction:

Schedule of Purchases - Individual Transactions

 
Number of shares  Transaction    Time of transaction 
 purchased         price (pence 
                   per share) 
425,000           410            09:30 
 

Enquiries:

 
CML Microsystems Plc                   www.cmlmicroplc.com 
 Chris Gurry, Group Managing Director   Tel: [phone] 
 Nigel Clark, Executive Chairman 
Shore Capital (Nominated Adviser       Tel: [phone] 
 and Sole Broker) 
 Toby Gibbs 
 James Thomas 
 John More 
 
Alma PR                                Tel: [phone] 
 Josh Royston 
 Andy Bryant 
 Matthew Young 
 

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.

The spread of its customers and diversity of the product range 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 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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April 26, 2022 10:00 ET (14:00 GMT)