REG - CML Microsystems PLC - Transaction in Own Shares

CML MicrosystemsAnnouncement

21/09/2020 10:10

RNS Number : 5729Z
  
CML Microsystems PLC
  
21 September 2020
  
 

21 September 2020  
CML Microsystems Plc
(The "Company" or the "Group")
 
 
Transaction in Own Shares
 
CML Microsystems Plc, which designs, manufactures and markets semiconductor solutions primarily for global communication and solid state storage markets, announces that on 18 September 2020, under the authority granted by shareholders on 29 July 2020, it purchased 615,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 256 pence per Ordinary Share. These shares are to be held in treasury. 
Following this buyback of shares, the total number of Ordinary Shares in issue is 16,562,652 with each Ordinary Share holding one voting right and the new total number of treasury shares held is 638,467.  Therefore, the total number of voting rights in the Company is 16,562,652 and this figure 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 Guidance and Transparency Rules.
 



CML Microsystems Plc
Chris Gurry, Group Managing Director

Nigel Clark, Group Chairman and Financial Director
 


www.cmlmicroplc.com

Tel: +44(0)1621 875 500




Shore Capital
Edward Mansfield
James Thomas
 


Tel: +44(0)20 7408 4090




SP Angel Corporate Finance LLP
Jeff Keating
 


Tel: +44(0)20 3463 2260




Alma PR
Josh Royston
Robyn Fisher
Caroline Forde
 


 
Tel: +44 (0)20 3405 0206
 



 
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial storage and communications markets. The Group 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 a net cash position and is dividend paying.
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
POSKFLBLBKLBBBX