REG - CML Microsystems PLC - Transaction in Own Shares

CML MicrosystemsAnnouncement

26/04/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220426:nRSZ2703Ja&default-theme=true

RNS Number : 2703J  CML Microsystems PLC  26 April 2022

 

26 April 2022

CML Microsystems Plc

("CML", or the "Group")

Transaction in Own Shares and completion of buy-back programme

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 purchases:              25 April 2022
 (2) Number of shares purchased:     598,188
 (3) Average price per share:        410 pence
 (4) Highest price per share:        410 pence
 (5) Lowest price per share:         410 pence
 (6) Treatment of purchased shares:  Into Treasury

 

The Group's issued share capital consists of 16,505,653 ordinary shares of 5p
each ("Ordinary Shares"). Following the transfer of the 598,188 shares in
treasury, the total number of treasury shares held is 1,386,655, which do not
carry voting rights.

The total number of voting rights in the Group is therefore 15,907,465 (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 purchases are in accordance with CML's buyback programme (the "Programme")
announced on 13 April 2022. Under the Programme CML, has now bought back a
total of 748,188 Ordinary Shares for a total cost of £3.0 million, as such
the Program has now ended.

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
 173,188                     410                                  14:47

 

In addition, CML has conducted the following off-market transaction:

Schedule of Purchases - Individual Transactions

 

 Number of shares purchased  Transaction price (pence per share)  Time of transaction
 425,000                     410                                  09:30

 

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

 Toby Gibbs

 James Thomas

 John More

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

 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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSQELFLLZLXBBZ