REG - CML Microsystems PLC - Grant of Share Options

CML MicrosystemsAnnouncement

21/03/2019 12:00

RNS Number : 6114T
CML Microsystems PLC
21 March 2019
 


CML Microsystems Plc
(The 'Company')
Director/PDMR notification / Grant of Options
The Company announces that on 19 March 2019 it granted options over a total of 703,670 Ordinary Shares of 5p each in the Company ("Options") to certain employees and the following directors.  The Options were granted under the CML Microsystems Plc share option schemes at an option price of £2.79 and are applicable to the Company's global employee base. 
Following the grant of Options, there are 1,537,449 share options outstanding, representing 9.00% of the Company's current issued share capital.  
Included in the above, a total of 225,000 share options over Ordinary Shares of 5p each were granted to the Directors as follows:



Director


No of options granted


Details


No of options held prior to the grant


No of shares in the Company in which the Director has voting rights (%ISC)
 




Chris Gurry


75,000


At £2.79, being the average closing mid-price for the previous three days before grant


50,000


908,816
(5.32%)




Neil Pritchard


75,000


At £2.79, being the average closing mid-price for the previous three days before grant


92,500


-




Hugh Rudden


75,000


At £2.79, being the average closing mid-price for the previous three days before grant


92,000


-



 
The options granted remain exercisable between the third and tenth anniversaries of the date of grant. 
For further information please contact:



CML Microsystems Plc
Chris Gurry, Group Managing Director

Neil Pritchard, Group Financial Director
 


www.cmlmicroplc.com

Tel: +44(0)1621 875 500




Shore Capital
Edward Mansfield
James Thomas
 


Tel: +44(0)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)7780 901979
 



 
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR) 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Chris Gurry
Neil Pritchard 
Hugh Rudden
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chris Gurry - Chief Executive officer
Neil Pritchard - Group Financial Director
Hugh Rudden - Group Sales and Marketing 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
 
 


5p ordinary shares in CML Microsystems Plc
 
 
 
ISIN: GB0001602944
 




b)
 


Nature of the transaction
 
 


Grant of Options




c)
 


Price(s) and volume(s)
 
 


 



Name


Price(s)


Volume(s)




Chris Gurry


£2.79


75,000




Neil Pritchard


£2.79


75,000




Hugh Rudden


£2.79


75,000



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Weighted Price
 
 


 
 
 
N/A - single transaction
 
 
 




e)
 


Date of the transaction
 
 


19 March 2019




f)
 


Place of the transaction
 
 


Outside a trading venue



 
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 no borrowings and is dividend paying.
 




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