Director/PDMR notification:Grant of Share Options

RNS Number : 3250J

CML Microsystems PLC

29 March 2018

 

29 March 2018

CML Microsystems Plc

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

Director/PDMR notification: Grant of Share Options

The Company announces that on 28 March 2018 it granted options to Neil Pritchard, Group Financial Director, and to Hugh Rudden, Group Sales and Marketing Director, over 55,000 Ordinary Shares of 5p in the Company each, at an exercise price of £5.20 per share.  The exercise price represents the average middle market closing price for the three business days preceding the date of the grant.

The options were granted under existing CML Microsystems Plc share option schemes, and may be exercised between the third and tenth anniversaries of the date of grant.

Following the grant of the share options outlined above, there are a total of 904,909 share options outstanding in CML under all option schemes, representing approximately 5.30 per cent. of the Company's 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	Neil Pritchard
2	Reason for the notification
a)	Position/status	Group Financial Director
b)	Initial notification /Amendment	Initial
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 financial instrument, type of instrument Identification code	Share options over 5p ordinary shares in CML Microsystems Plc ISIN: GB0001602944
b)	Nature of the transaction	Grant of share options of ordinary shares in CML Microsystems Plc
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 520.0p per share 55,000 share options
d)	Aggregated information: - Aggregated volume - Weighted Price	N/A
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh Rudden
2	Reason for the notification
a)	Position/status	Group Sales and Marketing Director
b)	Initial notification /Amendment	Initial
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 financial instrument, type of instrument Identification code	Share options over 5p ordinary shares in CML Microsystems Plc ISIN: GB0001602944
b)	Nature of the transaction	Grant of share options of ordinary shares in CML Microsystems Plc
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 520.0p per share 55,000 share options
d)	Aggregated information: - Aggregated volume - Weighted Price	N/A
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	Outside a trading venue

CML Microsystems Plc Chris Gurry, Group Managing Director Neil Pritchard, Group Financial Director	www.cmlmicroplc.com Tel: [phone]
Cenkos Securities plc Russell Kerr (Sales) Max Hartley (Corporate Finance)	Tel: [phone]
SP Angel Corporate Finance LLP Jeff Keating	Tel: [phone]
Alma PR Josh Royston Caroline Forde Robyn Fisher	Tel: [phone] Tel: [phone] Tel: [phone]

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.

 

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