Completion of Acquisition

RNS Number : 2794F

CML Microsystems PLC

26 July 2016

 

26 July 2016

CML Microsystems Plc

Completion of Acquisition of Sicomm Technologies

CML Microsystems Plc ("the Group"), which designs, manufactures and markets mixed-signal and RF semiconductors, primarily for global communication and solid state storage markets, today announces that further to the announcement on 27 May 2016, it has now received domestic regulatory approval in connection with the planned acquisition of Sicomm Technologies Ltd, and related entities.  The final consideration will now be settled by cash payment and the issue of the 774,181 new ordinary shares previously announced.  An application will be made for the 774,181 new ordinary shares to be admitted to trading on the Official List of the FCA (standard segment) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").  Admission is expected to take place on 1 August 2016.

Accordingly, following Admission, the total number of ordinary shares in issue is 16,980,718 with each ordinary share holding one voting right (and excluding the total number of treasury shares held of 50,000) this total figure of 16,980,718 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 Group, under the 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	www.cmlmicroplc.com
Chris Gurry, Group Managing Director	Tel: [phone]
Neil Pritchard, Group Financial Director
Cenkos Securities plc Jeremy Warner Allen (Sales) Max Hartley (Corporate Finance)	Tel: [phone]
SP Angel Corporate Finance LLP	Tel: [phone]
Jeff Keating
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Paul McManus
Helen Cresswell

 

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