REG - CML Microsystems PLC - Sale of Excess Land at Group Headquarters

CML MicrosystemsAnnouncement

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RNS Number : 8961Q  CML Microsystems PLC  14 July 2025

14 July 2025

CML Microsystems Plc

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

Sale of Excess Land at Group Headquarters

CML Microsystems Plc (AIM: CML), which develops mixed-signal, RF and microwave
semiconductors for global communications markets, announces that it has agreed
the sale of excess land at the Group's headquarters in Essex to Chapel 110
LLP.

The disposal, which comprises non-operational land identified as surplus to
requirements, is expected to generate total cash proceeds of £7 million,
which will be received in two tranches over the course of the current
financial year, being £4 million with immediate effect and the balance of £3
million during March 2026.

The sale forms part of the Group's ongoing strategy to unlock value from its
non-operational property assets, as previously outlined in market updates. The
proceeds will further strengthen the Company's balance sheet and provide
additional financial flexibility to support ongoing growth opportunities.

The transaction does not impact the Company's operational activities, and the
Group's headquarters will continue to operate from its existing facilities on
the retained land.

Nigel Clark, Chairman of CML Microsystems, commented:

"This transaction demonstrates further progress in realising value from our
non-core property assets and reinforces our commitment to efficient capital
management in support of long-term shareholder value creation."

 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, Lucy Bowden

 Fiona Conroy (Corporate Broking)
 Alma Strategic Communications                            Tel: +44 (0)20 3405 0205

 Josh Royston, Andy Bryant, Robyn Fisher, Emma Thompson

 

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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