REG - CML Microsystems PLC - Transaction in Own Shares

CML MicrosystemsAnnouncement

14/04/2022 09:15

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RNS Number : 4046I  CML Microsystems PLC  14 April 2022

14 April 2022

CML Microsystems Plc

("CML", or the "Group")

Transaction in Own Shares

CML, which develops mixed-signal, RF and microwave semiconductors for global
communications markets, announces that the Group has purchased ordinary shares
of 5 pence each in its issued share capital as follows:

 (1) Date of purchase:               13 April 2022
 (2) Number of shares purchased:     150,000
 (3) Average price per share:        355 pence
 (4) Highest price per share:        355 pence
 (5) Lowest price per share:         355 pence
 (6) Treatment of purchased shares:  Into Treasury

 

Following holding the shares in treasury, the Group's issued share capital
consists of 16,505,653 ordinary shares of 5p each. All of these shares carry
voting rights. In addition to these 16,605,653 ordinary shares, the total
number of treasury shares held is 788,467 which do not carry voting rights.

The total number of voting rights in the Group is therefore 16,505,653 (which
excludes ordinary shares held by the Group in treasury for the benefit of its
Employee Benefit Trust). 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.

The transaction is in accordance with CML's buyback programme (the
"Programme") announced on 13 April 2022.

In accordance with Article 5(1)(b) of the Market Abuse Regulation 596/2014/EU
incorporated into UK domestic law by the European Union (Withdrawal) Act 2018,
the table below contains detailed information of the individual trades made by
Shore Capital as part of the Programme.

 

Schedule of Purchases - Individual Transactions

 

 Number of shares purchased  Transaction price (pence per share)  Time of transaction
 150,000                     355                                  14:10

 

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 Advisor and Sole Broker)  Tel: +44 (0) 20 7408 4090

 Toby Gibbs

 James Thomas

 John More

 Alma PR                                            Tel: +44 (0) 20 3405 0212

 Josh Royston

 Caroline Forde

 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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