Last checked at 28 Jan 2021 12:05
CML Microsystems Plc
("CML" or the "Group")
Director Dealing
CML Microsystems Plc (CML.L) announces that it has been informed that on 27 January 2021, Chris Gurry, Group Managing Director, transferred 30,000 ordinary shares of 5 pence each in the Company, at no cost, to his wife, Gaye Deborah Gurry, a person closely associated ("PCA") with him. Following this transaction, Chris Gurry's total beneficial interest remains unchanged at 908,816 ordinary shares, representing 5.49% of the total voting rights.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transfer.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mr. Chris Gurry | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Managing Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | CML Microsystems Plc | ||||
b) | LEI | 213800HF8HL7CZDM5C42 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 5 pence each
ISIN: GB0001602944 | ||||
b) | Nature of the transaction | Transfer of Ordinary Shares to Gaye Deborah Gurry, a PCA | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 27 January 2021 | ||||
f) | Place of the transaction | Off market | ||||
CML Microsystems Plc Chris Gurry, Group Managing Director Nigel Clark, Group Chairman & Financial Director
| www.cmlmicroplc.comTel: +44 (0)1621 875 500 |
Shore Capital Edward Mansfield James Thomas Fiona Conroy - Corporate Broking
| Tel: +44(0)20 7408 4090 |
SP Angel Corporate Finance LLP Jeff Keating
| Tel: +44(0)203 463 2260 |
Alma PR Josh Royston Caroline Forde Robyn Fisher
| Tel: +44 (0)20 3405 0205
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About CML Microsystems PLC
CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and USA. CML targets niche 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 telecoms equipment providers and industrial product manufacturers.
The spread of its customers and products 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 ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).
The Group is cash-generative, has a net cash position and is dividend paying.