TIDMCML

RNS Number : 2822E

CML Microsystems PLC

29 June 2023

29 June 2023

CML Microsystems Plc

("CML", the "Company" or the "Group")

Director/PDMR Dealing

The Company announces that on 28 June 2023, Chris Gurry, Group Managing Director, transferred a total of 170,000 ordinary 5p shares in the Company ("Ordinary Shares") into a trust, in which Mr Gurry and his wife are trustees. Mr Gurry has also gifted an additional 20,694 Ordinary Shares. Mr Gurry and his wife now have a total interest in 1,263,458 Ordinary Shares in the Company, representing approximately 7.9% 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        Initial 
       /Amendment 
     --------------------------  -------------------------------------------- 
 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          5p ordinary shares in CML Microsystems 
       financial instrument,       Plc 
       type of instrument 
 
                                   ISIN: GB0001602944 
       Identification code 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Gift of ordinary shares in CML Microsystems 
                                   Plc 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     NA         20,694 shares 
                                               -------------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
                                    20,694 shares 
       - Weighted Price 
                                    NA 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     28 June 2023 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM Market 
                                   (XLON) 
     --------------------------  --------------------------------------------

Enquiries:

 
CML Microsystems Plc                   www.cmlmicroplc.com 
 Chris Gurry, Group Managing Director   Tel: +44 (0) 1621 875 500 
 Nigel Clark, Executive Chairman 
Shore Capital (Nominated Adviser       Tel: +44 (0) 20 7408 4090 
 and Broker) 
 Toby Gibbs 
 James Thomas 
 Lucy Bowden 
 Fiona Conroy (Corporate Broking) 
Alma PR                                Tel: +44 (0)20 3405 0205 
 Josh Royston 
 Andy Bryant 
 Matthew Young

About CML Microsystems PLC

CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication 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 commercial and industrial product manufacturers.

The spread of its customers and diversity of the product range 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 appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has no debt and is dividend paying.

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END

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June 29, 2023 02:00 ET (06:00 GMT)

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