REG - CML Microsystems PLC - Transfer of Treasury Shares

CML MicrosystemsAnnouncement

02/10/2024 10:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241002:nRSB6523Ga&default-theme=true

RNS Number : 6523G  CML Microsystems PLC  02 October 2024

2 October 2024

 

CML Microsystems Plc

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

Transfer of Treasury Shares

Total Voting Rights

 

CML Microsystems Plc, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, announces that it has today
transferred 90,780 ordinary shares of 5 pence each ("Ordinary Shares") out of
treasury.

 

On 2 October 2023, the Company announced that it had completed the acquisition
of Microwave Technology, Inc. ("MwT") and that, as part of the consideration
it would be issuing Consideration Shares to the vendors of MwT. The 90,780
shares transferred out of treasury today are part of those Consideration
Shares. Full details on the Consideration Shares and the acquisition of MwT
can be found in the Company's announcement of 2 October 2023.

 

 

Total Voting Rights

 

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 now holds 390,895 Ordinary Shares in treasury. Therefore, the total
number of voting rights in the Company is 16,113,859 ordinary shares.

 

The above figure of 16,113,859 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                            www.cmlmicroplc.com

                                             (https://url.avanan.click/v2/___http:/www.cmlmicroplc.com/___.YXAxZTpzaG9yZWNhcDphOm86YmEzZDBjNWU4MmU2MmRhZmZmZDBhZjFkYzZmMDMwMjg6NjowODc1OjM0MDUxNjVmMzg0OWRjMzAzMmEzNzYyYjY3N2Y5ZTA4NjI4N2JhMDM1MjgxYmNmYjcwNmU4NjY5ZmQ1MjgyZmM6cDpUOk4)
 Chris Gurry, Group Managing Director

Nigel Clark, Non-Executive Chairman            Tel: +44(0)1621 875 500

 Shore Capital (Nominated Adviser and Broker)   Tel: +44(0)20 7408 4090

 Advisory
 Toby Gibbs

James Thomas

Lucy Bowden

Fiona Conroy (Corporate Broking)

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

 Josh Royston

Andy Bryant

Robyn Fisher

 

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  TRSZZMGGLZGGDZG