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CML - CML Microsystems News Story

310p -5.0  -1.6%

Last Trade - 13/04/21

Sector
Technology
Size
Small Cap
Market Cap £53.0m
Enterprise Value £46.3m
Revenue £26.3m
Position in Universe 1225th / 1820

CML Microsystems PLC - Cancellation of Share Options

Wed 10th February, 2021 9:03am
RNS Number : 6011O
CML Microsystems PLC
10 February 2021
 

CML Microsystems Plc

(The 'Company')

Cancellation of Share Options

The Company announces that 57,000 share options over ordinary shares of 5 pence each (the "Ordinary Shares") granted to two PDMRs of the Company (the "Options") were cancelled on 9 February 2021 at the election of the option holders in return for the payment of a one-off cash sum.

 

Details of the cancellation of the Options are set out below:

 

PDMR

Role

  Number of options being surrendered

Option exercise price (£)

Cash payment (£)






C A Gurry

Group Managing Director

20,000

£2.20

£32,400






H Rudden

Group Sales and Marketing Director

12,000

£3.125

£8,340



25,000

£3.475

£8,625






 

The cash sum paid has been calculated by reference to the closing price of £3.82 per Ordinary Share, being the closing share price on 9 February 2021. Following this cancellation, the remaining share options held by the two PDMRs are set out below:

 

PDMR

Role

  Number of options remaining

Option exercise price (£)

Exercise date

C A Gurry

Group Managing Director

30,000

£3.51

15 Sept 2018 to 25 Sept 2025



75,000

£2.79

19 Mar 2022 to 18 Mar 2029






H Rudden

Group Sales and Marketing Director

55,000

£5.20

28 Mar 2021 to 28 Mar 2028



75,000

£2.79

19 Mar 2022 to 18 Mar 2029






 

Other share options remain over a total of 1,332,226 Ordinary Shares. These options are exercisable at various prices of between £2.20 and £5.20 and carry expiry dates ranging to 18 March 2029.

 

 

CML Microsystems Plc

Chris Gurry, Group Managing Director

Nigel Clark, Group Chairman & Financial Director

 

www.cmlmicroplc.com
Tel: +44 (0) 1621 875 500

Shore Capital

Edward Mansfield

James Thomas

Fiona Conroy - Corporate Broking

 

Tel: +44 (0) 20 7408 4090

SP Angel Corporate Finance LLP

Jeff Keating

 

Tel: +44 (0) 203 463 2260

Alma PR

Josh Royston

Caroline Forde

Robyn Fisher

 

Tel: +44 (0) 20 3405 0205

 

 

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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