REG - CML Microsystems PLC - Director/PDMR Shareholding
RNS Number : 2611ICML Microsystems PLC20 March 201820 March 2018
CML Microsystems Plc
("CML" or "the Group")
Director/PDMR Dealing
The Company announces that on 16 March 2018, Chris Gurry, Group Managing Director, sold a total of 8,751 ordinary 5p shares in the Company ("Ordinary Shares") for tax purposes, at a weighted average price of 504.2p per share. Following this sale, Mr Gurry and his wife have a total interest in 908,816 Ordinary Shares in the Company, representing approximately 5.33% of its issued share capital.
Further information is disclosed below in accordance with Article 19 of the EU Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
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
5p ordinary shares in CML Microsystems Plc
ISIN: GB0001602944
b)
Nature of the transaction
Sale of ordinary shares in CML Microsystems Plc
c)
Price(s) and volume(s)
Price(s)
Volume(s)
505.0p
503.1p
4,876 shares
3,875 shares
d)
Aggregated information
- Aggregated volume
- Weighted Price
8,751 shares
504.2p
e)
Date of the transaction
16 March 2018
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
CML Microsystems Plc
Chris Gurry, Group Managing Director
Neil Pritchard, Group Financial Director
www.cmlmicroplc.com
Tel: +44(0)1621 875 500Cenkos Securities plc
Russell Kerr (Sales)
Max Hartley (Corporate Finance)
Tel: +44(0)20 7397 8900
SP Angel Corporate Finance LLP
Jeff Keating
Tel: +44(0)203 463 2260
Alma PR
Josh Royston
Robyn Fisher
Tel: +44 (0)7780 901979
Tel: +44 (0)7540 706191
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.
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHGIGDXRSDBGIG
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