TIDMCML

RNS Number : 6715Q

CML Microsystems PLC

21 February 2019

21 February 2019

CML Microsystems Plc

Appointment of Joint Broker

CML Microsystems Plc, which designs, manufactures and markets semiconductor solutions primarily for global communication and solid state storage markets, announces the appointment of Shore Capital Stockbrokers Limited as Joint Broker ("Shore Capital"), with immediate effect. Shore Capital will work alongside the Company's existing broker SP Angel Corporate Finance LLP.

For further information please contact:

 
 
   CML Microsystems Plc                  www.cmlmicroplc.com 
   Chris Gurry, Group Managing         Tel: +44(0)1621 875 500 
   Director 
   Neil Pritchard, Group Financial 
   Director 
 Shore Capital                       Tel: +44(0)20 7408 4090 
  Edward Mansfield 
  James Thomas 
 SP Angel Corporate Finance          Tel: +44(0)203 463 2260 
  LLP 
  Jeff Keating 
 Alma PR 
  Josh Royston                         Tel: +44 (0)7780 901979 
  Caroline Forde 
  Robyn Fisher

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.

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 or visit www.rns.com.

END

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February 21, 2019 02:02 ET (07:02 GMT)

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