Director Dealing

RNS Number : 2407N

CML Microsystems PLC

28 January 2021

 

CML Microsystems Plc

("CML" or the "Group")

Director Dealing

CML Microsystems Plc (CML.L) announces that it has been informed that on 27 January 2021, Chris Gurry, Group Managing Director, transferred 30,000 ordinary shares of 5 pence each in the Company, at no cost, to his wife, Gaye Deborah Gurry, a person closely associated ("PCA") with him. Following this transaction, Chris Gurry's total beneficial interest remains unchanged at 908,816 ordinary shares, representing 5.49% of the total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transfer.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Chris Gurry
2	Reason for the notification
a)	Position/status	Group Managing 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	Ordinary Shares of 5 pence each ISIN:  GB0001602944
b)	Nature of the transaction	Transfer of Ordinary Shares to Gaye Deborah Gurry, a PCA
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 30,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	27 January 2021
f)	Place of the transaction	Off market

CML Microsystems Plc Chris Gurry, Group Managing Director Nigel Clark, Group Chairman & Financial Director	www.cmlmicroplc.com Tel: [phone]
Shore Capital Edward Mansfield James Thomas Fiona Conroy - Corporate Broking	Tel: [phone]
SP Angel Corporate Finance LLP Jeff Keating	Tel: [phone]
Alma PR Josh Royston Caroline Forde Robyn Fisher	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 a net cash position and is dividend paying.

 

END

 

 

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