REG - CML Microsystems PLC - Transaction in Own Shares

CML MicrosystemsAnnouncement

11/02/2019 15:40

RNS Number : 6789P
CML Microsystems PLC
11 February 2019
 


11 February 2019
 
CML Microsystems Plc
 
Transaction in Own Shares
 
CML Microsystems Plc (the "Company" or "Group"), which designs, manufactures and markets semiconductors, primarily for global communication and solid state storage markets, announces that today, on 11th February 2019, under the authority granted by shareholders on 1 August 2018, it purchased 50,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 302 pence per Ordinary Share. These shares are to be held in treasury for the benefit of various employee share plans and awards. 
 
Following this buyback of shares, the total number of Ordinary Shares in issue is 17,075,166 with each Ordinary Share holding one voting right and the new total number of treasury shares held is 100,000.  Therefore, the total number of voting rights in the Company is 17,075,166 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's  Disclosure Guidance and Transparency Rules.
 
 
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




Cenkos Securities plc
Max Hartley (Corporate Finance)
Russell Kerr (Sales)
 


Tel: +44(0)20 7397 8900




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
 



 
 
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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