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CML - CML Microsystems News Story

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Last Trade - 13/04/21

Sector
Technology
Size
Small Cap
Market Cap £52.1m
Enterprise Value £45.5m
Revenue £26.3m
Position in Universe 1229th / 1819

CML Microsystems PLC - Directorate Change

Thu 18th February, 2021 1:45pm
RNS Number : 6193P
CML Microsystems PLC
18 February 2021
 

CML Microsystems Plc

(the "Group")

 

Directorate Change

 

CML Microsystems Plc, announces that, after almost seven years with the Group, Hugh Rudden, Group Sales & Marketing Director, has today advised the Board of his decision to retire. He will step down from the Board on 31 May 2021.

 

Chris Gurry, Group Managing Director said:

"On behalf of the Board, I wish to thank Hugh, he has made a very valuable contribution to the business throughout his tenure for which the Board expresses its heartfelt thanks and good wishes for a long and happy retirement".

 

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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