REG - CML Microsystems PLC - Issue of shares

CML MicrosystemsAnnouncement

07/10/2025 12:30

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RNS Number : 4129C  CML Microsystems PLC  07 October 2025

7 October 2025

CML Microsystems Plc

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

Issue of Shares

US$2m deferred consideration to Nathan Zommer, NED, to be satisfied through
New Ordinary Shares

CML Microsystems Plc, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, is pleased to announce that
it has agreed to issue new ordinary shares of 5 pence each ("Ordinary Shares")
to Non-Executive Director,  Nathan Zommer, in lieu of a cash payment due
under the terms of the Company's acquisition of Microwave Technology, Inc.
(MwT") which completed in  October 2023 (the "Acquisition"). Full details of
the Acquisition can be found in the Company's announcement of 2 October 2023.

Under the terms of the Acquisition, a payment of approximately US$2 million
was due to Mr. Zommer in cash on the second anniversary of the Acquisition. He
has requested that this payment be satisfied through the issue of Ordinary
Shares. The Board has agreed to this request and will issue 559,134 Ordinary
Shares to Mr. Zommer at a price of 262p per share, equal to the closing
mid-price of the Company's shares on 1 October 2025, being the business day
prior to the second anniversary of the Acquisition.

Nigel Clark, Non-Executive Chairman of CML Microsystems commented: "We are
delighted that Nathan has chosen to receive his deferred consideration in CML
shares rather than cash. This decision is a strong vote of confidence in the
growth potential of CML and a clear alignment of interests with our
shareholders. It's encouraging to see such commitment from within the
leadership team as we continue to deliver on our strategic ambitions."

Nathan Zommer, Non-Executive Director, commented: "When the sale of MwT into
CML was agreed in January 2023, I talked about our cultural fit and excitement
at the opportunity for the enlarged business. Two years after the deal
completed, I am more convinced that we are on the right strategic path and
more confident of our future success."

Total Voting Rights

Application has been made to the London Stock Exchange for the 559,134
Ordinary Shares to be admitted to trading on AIM, which is expected to occur
on 8 October 2025.

In conformity with the Financial Conduct Authority's Disclosure and
Transparency rules, CML Microsystems Plc hereby notifies the market that the
Company's issued share capital now comprises 17,063,888 Ordinary Shares. The
Company holds 479,115 Ordinary Shares in treasury. Therefore, the total number
of voting rights in the Company is 16,584,773 Ordinary Shares.

 

The above figure of 16,584,773 Ordinary Shares in the Company carrying voting
rights 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 and
Transparency Rules.

 

 CML Microsystems Plc                            www.cmlmicroplc.com

                                             (https://url.avanan.click/v2/r02/___http:/www.cmlmicroplc.com/___.YXAxZTpzaG9yZWNhcDphOm86NTQ1NDY3YjEyZGY3ZjAxMjNhZjFjMzc5YWU4NWUyOGE6NzpmZjc3OmE0YzUzMGI3YmY3MGY4ODc4MGRkYjE5OGZiMTdkZWZjYTRjNzBiZTFhOTJiOWMxZTJmZjc0MWRmZDg5OTA4ZGE6cDpUOk4)
 Chris Gurry, Group Managing Director

Nigel Clark, Non-Executive Chairman            Tel: +44(0)1621 875 500

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

 Advisory
 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.

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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