REG - CML Microsystems PLC - Change of Auditor

CML MicrosystemsAnnouncement

13/11/2024 07:15

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RNS Number : 9655L  CML Microsystems PLC  13 November 2024

13 November 2024

CML Microsystems Plc

("CML", the "Company" or the "Group")

Change of auditor

CML Microsystems Plc, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, announces that the Company
has undertaken a formal tender process for the role of external auditor.

The Company is pleased to announce the appointment of Cooper Parry LLP
("Cooper Parry") as its new auditor replacing BDO LLP ("BDO") who have
formally resigned and have not notified the Company of any reasons or matters
connected with their ceasing to hold office as auditors which they consider
should be brought to the attention of the members or creditors of the Company.

Cooper Parry will conduct the audit of the Company's financial statements for
the financial year to 31 March 2025. The appointment of Cooper Parry as
auditor for the following financial year will be subject to approval by
shareholders at the next Annual General Meeting of the Company to be held in
2025.

 

 CML Microsystems Plc

  Tel: +44(0)1621 875 500
 Chris Gurry, Group Managing Director

Nigel Clark, Non - Executive Chairman

 Shore Capital                            Tel: +44(0)20 7408 4090

 Toby Gibbs

 James Thomas

 Lucy Bowden

 Fiona Conroy (Corporate Broking)

 Alma Strategic Communications            Tel: +44 (0)20 3405 0212

 Josh Royston

 Andy Bryant

 Robyn Fisher

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.

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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