REG - CML Microsystems PLC - Exercise of Options/PDMR Dealing Notification

CML MicrosystemsAnnouncement

17/08/2018 16:45

RNS Number : 2109Y
CML Microsystems PLC
17 August 2018
 


17 August 2018
 
CML Microsystems Plc (the 'Company')
           Exercise of Options/PDMR Dealing Notification
The Company announces that, on 17 August 2018, Mr Hugh Rudden, Group Sales and Marketing Director, and Neil Pritchard, Group Financial Director, exercised 8,000 and 7,500 share options respectively under CML Microsystems plc share option schemes over ordinary shares of 5p each ("Shares") in the Company at an exercise price of £3.125 per share and an exercise price of £3.45 per share respectively. Mr Hugh Rudden and Mr Neil Pritchard sold the resulting Shares at a price of £5.02 per share and £5.02 per share respectively. Following the exercise of options, the Company now has 17,137,686 ordinary shares in issue.  This number may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
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
 
 


Hugh Rudden
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


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
 
 


Exercise of options over ordinary shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
£3.125
 


 
8,000
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Weighted Price
 
 


 
 
 
N/A - single transaction
 
 
 




e)
 


Date of the transaction
 
 


17 August 2018




f)
 


Place of the transaction
 
 


Outside a trading venue




5
 


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




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
£5.02
 


 
8,000
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Weighted Price
 
 


 
 
 
N/A - single transaction
 
 
 
 




e)
 


Date of the transaction
 
 


17 August 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, Main Market (XLON)



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Neil Pritchard
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group Financial 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
 
 


Exercise of options over ordinary shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
£3.45
 


 
7,500
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Weighted Price
 
 


 
 
 
N/A - single transaction
 
 
 




e)
 


Date of the transaction
 
 


17 August 2018




f)
 


Place of the transaction
 
 


Outside a trading venue




5.
 


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)




 
£5.02
 


 
7,500
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Weighted Price
 
 


 
 
 
N/A - single transaction
 




e)
 


Date of the transaction
 
 


17 August 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 875 500




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
Tel: +44 (0)7779 664584
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.




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