Last checked at 20 Dec 2023 11:27
20 December 2023
CML Microsystems Plc
("CML", the "Company" or the "Group")
Appointment of Non-Executive Director
CML, which develops mixed-signal, RF and microwave semiconductors for global communications markets, is pleased to announce that, further to the announcement on 2 October 2023, Dr Nathan Zommer has now been appointed to the board of the Company in a non-executive capacity, effective from 1 January 2024, following completion of the normal regulatory due diligence checks.
Please refer to Annex 1 for all further disclosure relating to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
CML Microsystems Plc Chris Gurry, Group Managing DirectorNigel Clark, Non-Executive Chairman | Tel: +44(0)1621 875 500 |
Shore Capital Toby Gibbs James Thomas Lucy Bowden Fiona Conroy (Corporate Broking)
| Tel: +44(0)20 7408 4090 |
Alma Strategic Communications Josh Royston Andy Bryant Matthew Young | Tel: +44 (0)20 3405 0212
|
ANNEX 1
Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies).
Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointments of Nathan Zommer, aged 75. Dr Zommer holds 592,010 ordinary shares of 5 pence each in the Company representing approximately 3.67% of the Company's issued share capital.
Dr Zommer, is, or has been in the previous five years, a director of the following companies:
Current directorships | Previous directorships |
Airsem Technologies Emma Sensing Ltd Pelegol Ltd Operations & Date Integriti (O.D.I.) Ltd Securepush Ltd VTool Ltd | Littelfuse, Inc. Microwave Technology Inc. Vonetize PLC |
On 30 November 2016, Dr Zommer was appointed an independent non-executive director of the board of Vonetize PLC ("Vonetize"), an Israeli company in the streaming and Smart TV sector. Dr Zommer stepped down from the board of Vonetize on 6 January 2019. Subsequently on 8 September 2019, Vonetize entered liquidation. The liquidation case remains ongoing.
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.