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REG - CML Microsystems PLC - Share Buyback Programme Update

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RNS Number : 0338N  CML Microsystems PLC  18 January 2023

18 January 2023

CML Microsystems Plc

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

Share Buyback Programme Update

 

CML Microsystems Plc, which develops mixed-signal, RF, and microwave
semiconductors for global communications markets, announces that it has
stopped its share buyback programme that commenced on 3 October 2022.

 

Between 3 October 2022 and 17 January 2023, 72,634 ordinary shares in the
Company were repurchased on the London Stock Exchange for cancellation at an
average price of 445p per share. This represented 0.46% of the issued share
capital of the Company (excluding any treasury shares, of which there were
none) when the programme commenced.

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 comprises 15,912,744 ordinary shares of 5p
each. The total number of treasury shares held is 72,634 which do not carry
voting rights.

The total number of voting rights in the Group is therefore 15,840,110 (which
excludes ordinary shares held by the Group in treasury). This figure may be
used by shareholders as the denominator for the calculation by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the Group under the FCA's Disclosure and Transparency
Rules.

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

 Alma PR                                       Tel: +44 (0)20 3405 0205

 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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