2
October 2024
CML
Microsystems Plc
("CML",
the "Company" or the "Group")
Transfer of Treasury
Shares
Total Voting
Rights
CML Microsystems Plc, which develops
mixed-signal, RF and microwave semiconductors for global
communications markets, announces that it has today transferred
90,780 ordinary shares of 5 pence each ("Ordinary Shares") out of
treasury.
On 2 October 2023, the Company
announced that it had completed the acquisition of Microwave
Technology, Inc. ("MwT") and that, as part of the consideration it
would be issuing Consideration Shares to the vendors of MwT. The
90,780 shares transferred out of treasury today are part of those
Consideration Shares. Full details on the Consideration Shares and
the acquisition of MwT can be found in the Company's announcement
of 2 October 2023.
Total Voting Rights
In conformity with the Financial
Conduct Authority's Disclosure and Transparency rules, CML
Microsystems Plc hereby notifies the market that the Company's
issued share capital comprises 16,504,754 Ordinary Shares. The
Company now holds 390,895 Ordinary Shares in treasury. Therefore,
the total number of voting rights in the Company is 16,113,859
ordinary shares.
The above figure of 16,113,859
Ordinary Shares in the Company carrying voting rights 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 and Transparency Rules.
|
CML Microsystems Plc
Chris Gurry, Group Managing
Director
Nigel Clark, Non-Executive
Chairman
|
www.cmlmicroplc.com
Tel: +44(0)1621 875 500
|
|
Shore Capital (Nominated Adviser and
Broker)
Advisory
Toby Gibbs
James Thomas
Lucy Bowden
Fiona Conroy (Corporate Broking)
|
Tel:
+44(0)20 7408 4090
|
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Alma PR
Josh Royston
Andy Bryant
Robyn Fisher
|
Tel:
+44 (0)20 3405 0212
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About CML Microsystems Plc
CML develops mixed-signal, RF and
microwave semiconductors for global communications markets. The
Group utilises a combination of outsourced manufacturing and
in-house testing with trading operations in the UK, Asia and USA.
CML targets sub-segments within Communication 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 commercial and industrial product manufacturers.
The spread of its customers and
diversity of the product range 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
appetite for data to be transmitted faster and more securely, the
upgrading of telecoms infrastructure around the world and the
growing prevalence of private commercial wireless networks for
voice and/or data communications linked to the industrial internet
of things (IIoT).
The Group is cash-generative, has no
debt and is dividend paying.