Last checked at 23 Dec 2016 14:45
23rd December 2016
CML Microsystems Plc
Transaction in own shares
CML Microsystems Plc, ("CML" or "the Group"), which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, announces that it has today purchased 179,439 ordinary shares in the Company ("Shares") at a price of £3.70 per share.
The Shares purchased by the Company are to be cancelled so that the Company's capital will then consist of 16,801,279 Shares, consisting of equal voting rights. This figure, which excludes 50,000 shares held in treasury, 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.
The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
CML Microsystems Plc Chris Gurry, Group Managing DirectorNeil Pritchard, Group Financial Director
| www.cmlmicroplc.comTel: +44(0)1621 875 500 |
Cenkos Securities plc Stephen Keys (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 Caroline Forde Robyn McConnachie |
Tel: +44 (0)7780 901979 Tel: +44 (0)7779 664584 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.