Transaction in Own Shares

RNS Number : 6789P

CML Microsystems PLC

11 February 2019

 

11 February 2019

CML Microsystems Plc

Transaction in Own Shares

CML Microsystems Plc (the "Company" or "Group"), which designs, manufactures and markets semiconductors, primarily for global communication and solid state storage markets, announces that today, on 11th February 2019, under the authority granted by shareholders on 1 August 2018, it purchased 50,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 302 pence per Ordinary Share. These shares are to be held in treasury for the benefit of various employee share plans and awards. 

Following this buyback of shares, the total number of Ordinary Shares in issue is 17,075,166 with each Ordinary Share holding one voting right and the new total number of treasury shares held is 100,000.  Therefore, the total number of voting rights in the Company is 17,075,166 and this figure 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 Company, under the FCA's  Disclosure Guidance and Transparency Rules.

For further information please contact:

CML Microsystems Plc Chris Gurry, Group Managing Director Neil Pritchard, Group Financial Director	www.cmlmicroplc.com Tel: [phone]
Cenkos Securities plc Max Hartley (Corporate Finance) Russell Kerr (Sales)	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 no borrowings and is dividend paying.

 

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