Grant of Share Options

RNS Number : 6114T

CML Microsystems PLC

21 March 2019

 

CML Microsystems Plc

(The 'Company')

Director/PDMR notification / Grant of Options

The Company announces that on 19 March 2019 it granted options over a total of 703,670 Ordinary Shares of 5p each in the Company ("Options") to certain employees and the following directors.  The Options were granted under the CML Microsystems Plc share option schemes at an option price of £2.79 and are applicable to the Company's global employee base. 

Following the grant of Options, there are 1,537,449 share options outstanding, representing 9.00% of the Company's current issued share capital.  

Included in the above, a total of 225,000 share options over Ordinary Shares of 5p each were granted to the Directors as follows:

Director	No of options granted	Details	No of options held prior to the grant	No of shares in the Company in which the Director has voting rights (%ISC)
Chris Gurry	75,000	At £2.79, being the average closing mid-price for the previous three days before grant	50,000	908,816 (5.32%)
Neil Pritchard	75,000	At £2.79, being the average closing mid-price for the previous three days before grant	92,500	-
Hugh Rudden	75,000	At £2.79, being the average closing mid-price for the previous three days before grant	92,000	-

The options granted remain exercisable between the third and tenth anniversaries of the date of grant. 

For further information please contact:

CML Microsystems Plc Chris Gurry, Group Managing Director Neil Pritchard, Group Financial Director	www.cmlmicroplc.com Tel: [phone]
Shore Capital Edward Mansfield James Thomas	Tel: [phone]
SP Angel Corporate Finance LLP Jeff Keating	Tel: [phone]
Alma PR Josh Royston Caroline Forde Robyn Fisher	Tel: [phone]

Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR) 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Gurry Neil Pritchard  Hugh Rudden
2	Reason for the notification
a)	Position/status	Chris Gurry - Chief Executive officer Neil Pritchard - Group Financial Director Hugh Rudden - 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	5p ordinary shares in CML Microsystems Plc ISIN: GB0001602944
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Name Price(s) Volume(s) Chris Gurry £2.79 75,000 Neil Pritchard £2.79 75,000 Hugh Rudden £2.79 75,000
d)	Aggregated information - Aggregated volume - Weighted Price	N/A - single transaction
e)	Date of the transaction	19 March 2019
f)	Place of the transaction	Outside a trading venue

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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