Last checked at 20 Mar 2018 08:52
20 March 2018
CML Microsystems Plc
("CML" or "the Group")
Director/PDMR Dealing
The Company announces that on 16 March 2018, Chris Gurry, Group Managing Director, sold a total of 8,751 ordinary 5p shares in the Company ("Ordinary Shares") for tax purposes, at a weighted average price of 504.2p per share. Following this sale, Mr Gurry and his wife have a total interest in 908,816 Ordinary Shares in the Company, representing approximately 5.33% of its issued share capital.
Further information is disclosed below in accordance with Article 19 of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| 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
| 5p ordinary shares in CML Microsystems Plc
ISIN: GB0001602944
| ||||
b)
| Nature of the transaction
| Sale of ordinary shares in CML Microsystems Plc | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Weighted Price
|
8,751 shares
504.2p
| ||||
e)
| Date of the transaction
| 16 March 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
CML Microsystems Plc Chris Gurry, Group Managing DirectorNeil Pritchard, Group Financial Director
| www.cmlmicroplc.comTel: +44(0)1621 875 500 |
Cenkos Securities plc Russell Kerr (Sales)Max Hartley (Corporate Finance)
| Tel: +44(0)20 7397 8900 |
SP Angel Corporate Finance LLP Jeff Keating
| Tel: +44(0)203 463 2260 |
Alma PR Josh Royston Robyn Fisher
|
Tel: +44 (0)7780 901979 Tel: +44 (0)7540 706191 |
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 no borrowings and is dividend paying.