REG - CML Microsystems PLC - Director Dealing

CML MicrosystemsAnnouncement

28/01/2021 12:05

RNS Number : 2407N
  
CML Microsystems PLC
  
28 January 2021
  
 

CML Microsystems Plc
("CML" or the "Group")
Director Dealing
 
CML Microsystems Plc (CML.L) announces that it has been informed that on 27 January 2021, Chris Gurry, Group Managing Director, transferred 30,000 ordinary shares of 5 pence each in the Company, at no cost, to his wife, Gaye Deborah Gurry, a person closely associated ("PCA") with him. Following this transaction, Chris Gurry's total beneficial interest remains unchanged at 908,816 ordinary shares, representing 5.49% of the total voting rights.
 
 
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transfer.
 



1


Details of the person discharging managerial responsibilities / person closely associated




a) 


Name


Mr. Chris Gurry 




2


Reason for the notification




a)


Position/status


Group Managing Director




b)


Initial notification /Amendment


Initial




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 the financial instrument, type of instrument
 
Identification code
 


Ordinary Shares of 5 pence each
 
 
 
ISIN:  GB0001602944




b)


Nature of the transaction


Transfer of Ordinary Shares to Gaye Deborah Gurry, a PCA




c)
 


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


30,000








d)
 


Aggregated information
- Aggregated volume
- Price


N/A




e)


Date of the transaction


27 January 2021




f)


Place of the transaction


Off market



 
 



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 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 a net cash position and is dividend paying.
 
 

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