REG - CML Microsystems PLC - Transaction in Own Shares

CML MicrosystemsAnnouncement

25/04/2023 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:20230425:nRSY2773Xa&default-theme=true

RNS Number : 2773X  CML Microsystems PLC  25 April 2023

25 April 2023

CML Microsystems Plc

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

Transaction in Own Shares

 

CML announces that it has purchased ordinary shares of 5 pence each in its
issued share capital as follows:

 (1) Date of purchase:               24 April 2023
 (2) Number of shares purchased:     42,000
 (3) Average price per share:        530 pence
 (4) Highest price per share:        530 pence
 (5) Lowest price per share:         530 pence
 (6) Treatment of purchased shares:  Held in treasury

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. Following the transfer of the 42,000 shares in treasury, the total
number of treasury shares held is now 381,234, which do not carry voting
rights.

The total number of voting rights in the Group is therefore 15,531,510 (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.

The transaction is in accordance with the Group's buyback programme (the
"Programme") announced on 5 April 2023.

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
 42,000                      530                                  14:59

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

 Lucy Bowden

 Fiona Conroy (Corporate Broking)

 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.

 

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  POSQZLFLXZLBBBZ