Transaction in Own Shares & Total Voting Rights
21st Nov 2024 07:00
21 November 2024
CML Microsystems Plc
("CML", the "Company" or the "Group")
Transaction in Own Shares and Total Voting Rights
CML announces that it purchased, in accordance with the authority granted by shareholders at the 2024 Annual General Meeting, 5,000 ordinary shares of 5p each ("Ordinary Shares") at a price of £2.35 per share on 20 November 2024. These Ordinary Shares will be held in Treasury.
Total Voting Rights
Following this purchase and 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 holds 425,895 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 16,078,859 ordinary shares.
The above figure of 16,078,859 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 FSA's Disclosure and Transparency Rules.
CML Microsystems Plc Chris Gurry, Group Managing DirectorNigel Clark, Non-Executive Chairman
| Tel: +44(0)1621 875 500 |
Shore Capital Toby Gibbs James Thomas Lucy Bowden Fiona Conroy (Corporate Broking)
| Tel: +44(0)20 7408 4090 |
Alma Strategic Communications Josh Royston Andy Bryant Robyn Fisher Emma Thompson | 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.
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.