CML Microsystems PLC Return of Capital, B Shares Issue and Redemption (8710S)
March 19 2021 - 05:35AM
UK Regulatory
TIDMCML
RNS Number : 8710S
CML Microsystems PLC
19 March 2021
CML Microsystems Plc
(the "Company" or the "Group")
Return of Capital Update, Issue and Redemption of B Shares and
Total Voting Rights
CML Microsystems Plc, which develops mixed-signal, RF and
microwave semiconductors for global communications markets,
announces that it has issued 16,551,685 redeemable preference
shares of 50 pence each in the capital of the Company ("B Shares")
relating to its return of capital.
No application has been, or will be, made to the UK Listing
Authority or to the London Stock Exchange, respectively, for any of
the B Shares to be admitted to the Official List or to trading on
the London Stock Exchange's main market for listed securities, nor
will the B Shares be listed or admitted to trading on any other
recognised investment exchange.
No share certificates will be issued in respect of the B Shares
and no CREST accounts will be credited with B Shares.
Assuming there is no extraordinary change in the position of the
Company or market conditions generally, the Company will redeem the
B Shares at 6.00 p.m. today for 50 pence per B Share. It is
expected that shareholders entitled to receive payments in respect
of the proceeds of the redemption of the B Shares will receive
payment on or around 26 March 2021.
Total Voting Rights
Following the redemption of the B Shares, the total number of
Ordinary Shares in issue will be 17,190,152, with each Ordinary
Share holding one voting right, and the total number of treasury
shares held will be 638,467. Therefore, the total number of voting
rights in the Company will be 16,551,685 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.
www.cmlmicroplc.com
Tel: +44(0)1621 875 500
CML Microsystems Plc
Chris Gurry, Group Managing
Director
Nigel Clark, Group Non-Executive
Chairman and Group Finance
Director
Shore Capital Tel: +44(0)20 7408 4090
Advisory
Edward Mansfield
James Thomas
Broking
Fiona Conroy
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)20 3405 0212
Robyn Fisher
Caroline Forde
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.
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END
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