CML Microsystems PLC Transaction in Own Shares (5729Z)
21 September 2020 - 7:05PM
UK Regulatory
TIDMCML
RNS Number : 5729Z
CML Microsystems PLC
21 September 2020
21 September 2020
CML Microsystems Plc
(The "Company" or the "Group")
Transaction in Own Shares
CML Microsystems Plc, which designs, manufactures and markets
semiconductor solutions primarily for global communication and
solid state storage markets, announces that on 18 September 2020,
under the authority granted by shareholders on 29 July 2020, it
purchased 615,000 ordinary shares of 5p each in the Company
("Ordinary Shares") at a price of 256 pence per Ordinary Share.
These shares are to be held in treasury.
Following this buyback of shares, the total number of Ordinary
Shares in issue is 16,562,652 with each Ordinary Share holding one
voting right and the new total number of treasury shares held is
638,467. Therefore, the total number of voting rights in the
Company is 16,562,652 and this figure 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
Guidance and Transparency Rules.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Nigel Clark, Group Chairman
and Financial Director
Shore Capital Tel: +44(0)20 7408 4090
Edward Mansfield
James Thomas
SP Angel Corporate Finance Tel: +44(0)20 3463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)20 3405 0206
Robyn Fisher
Caroline Forde
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial
storage and communications markets. The Group 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.
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END
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