REG - CML Microsystems PLC - Director/PDMR Shareholding

CML MicrosystemsAnnouncement

18/07/2022 16:30

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RNS Number : 8671S  CML Microsystems PLC  18 July 2022

18 July 2022

CML Microsystems Plc

("CML", or the "Group")

Director/PDMR Dealing

CML, which develops mixed-signal, RF and microwave semiconductors for global
communications markets, announces that following the distribution of June
Gurry's estate, Group Managing Director Chris Gurry has inherited 380,965
ordinary shares of 5p ("Ordinary Shares") in the Company. This has increased
his total beneficial holding to 1,289,781 Ordinary Shares in the Company,
representing approximately 8.11% 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  5p ordinary shares in CML Microsystems Plc

      Identification code

                                                                   ISIN: GB0001602944

 b)   Nature of the transaction                                    Acquisition of 380,965 Ordinary Shares from Estate distribution for NIL

                                                            consideration

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       380,965 Ordinary Shares

 

 d)   Aggregated information

                                                                    N/a

      - Aggregated volume

      - Weighted Price

                                                                   N/a

 e)   Date of the transaction                                      15 July 2022

 f)   Place of the transaction                                     Outside a trading venue

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Weighted Price

 

 

 

 

 N/a

 

 

 

 

N/a

e)

 

Date of the transaction

 

 

15 July 2022

f)

 

Place of the transaction

 

 

Outside a trading venue

 

Enquiries:

 CML Microsystems Plc                                       www.cmlmicroplc.com (http://www.cmlmicroplc.com/)

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

 Nigel Clark, Executive Chairman

 Shore Capital (Nominated Adviser and Broker)               Tel: +44 (0) 20 7408 4090

 Toby Gibbs, James Thomas, John More (Corporate Advisory)

 Fiona Conroy (Corporate Broking)

 Alma PR                                                    Tel: +44 (0) 20 3405 0212

 Josh Royston

 Andy Bryant

 Matthew Young

 

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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