CML Microsystems PLC Transaction in Own Shares (6789P)
February 11 2019 - 9:38AM
UK Regulatory
TIDMCML
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 www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Neil Pritchard, Group Financial
Director
Cenkos Securities plc Tel: +44(0)20 7397 8900
Max Hartley (Corporate Finance)
Russell Kerr (Sales)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde
Robyn Fisher
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
POSEFLFFKLFXBBD
(END) Dow Jones Newswires
February 11, 2019 10:38 ET (15:38 GMT)
Cml Microsystems (LSE:CML)
Historical Stock Chart
From Apr 2024 to May 2024
Cml Microsystems (LSE:CML)
Historical Stock Chart
From May 2023 to May 2024