TIDMCML

RNS Number : 4831X

CML Microsystems PLC

20 December 2023

20 December 2023

CML Microsystems Plc

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

Appointment of Non-Executive Director

CML, which develops mixed-signal, RF and microwave semiconductors for global communications markets, is pleased to announce that, further to the announcement on 2 October 2023, Dr Nathan Zommer has now been appointed to the board of the Company in a non-executive capacity, effective from 1 January 2024, following completion of the normal regulatory due diligence checks.

Please refer to Annex 1 for all further disclosure relating to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 
 CML Microsystems Plc 
  Chris Gurry, Group Managing           Tel: +44(0)1621 875 500 
  Director 
  Nigel Clark, Non-Executive 
  Chairman 
 Shore Capital                          Tel: +44(0)20 7408 4090 
  Toby Gibbs 
  James Thomas 
  Lucy Bowden 
  Fiona Conroy (Corporate Broking) 
 Alma Strategic Communications         Tel: +44 (0)20 3405 0212 
  Josh Royston 
  Andy Bryant 
  Matthew Young

ANNEX 1

Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies).

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointments of Nathan Zommer, aged 75. Dr Zommer holds 592,010 ordinary shares of 5 pence each in the Company representing approximately 3.67% of the Company's issued share capital.

Dr Zommer, is, or has been in the previous five years, a director of the following companies:

 
 Current directorships          Previous directorships 
 Airsem Technologies            Littelfuse, Inc. 
  Emma Sensing Ltd               Microwave Technology Inc. 
  Pelegol Ltd                    Vonetize PLC 
  Operations & Date Integriti 
  (O.D.I.) Ltd 
  Securepush Ltd 
  VTool Ltd 
                               ---------------------------

On 30 November 2016, Dr Zommer was appointed an independent non-executive director of the board of Vonetize PLC ("Vonetize"), an Israeli company in the streaming and Smart TV sector. Dr Zommer stepped down from the board of Vonetize on 6 January 2019. Subsequently on 8 September 2019, Vonetize entered liquidation. The liquidation case remains ongoing.

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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December 20, 2023 06:27 ET (11:27 GMT)

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