REG - CML Microsystems PLC - Transaction in Own Shares and Total Voting Rights

CML MicrosystemsAnnouncement

05/12/2024 07:00

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RNS Number : 8796O  CML Microsystems PLC  05 December 2024

5 December 2024

CML Microsystems Plc

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

Transaction in Own Shares and Total Voting Rights

CML announces that it purchased, in accordance with the authority granted by
shareholders at the 2024 Annual General Meeting, 1,500 ordinary shares of 5p
each ("Ordinary Shares") at a price of £2.57 per share on 4 December 2024.
These Ordinary Shares will be held in Treasury.

Total Voting Rights

Following this purchase and 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
16,504,754 Ordinary Shares. The Company holds 428,895 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the Company is
16,075,859 ordinary shares.

The above figure of 16,075,859 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

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

Nigel Clark, Non-Executive Chairman

 Shore Capital                           Tel: +44(0)20 7408 4090

 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

 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.

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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