10
December 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, 10,000 ordinary shares of 5p each ("Ordinary
Shares") at a price of £2.60 per share on 10 December 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 438,895 Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is
16,065,859 ordinary shares.
The above figure of 16,065,859 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.
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CML
Microsystems Plc
Chris Gurry, Group Managing
Director
Nigel Clark, Non-Executive Chairman
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Tel: +44(0)1621 875 500
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Shore Capital
Toby Gibbs
James Thomas
Lucy Bowden
Fiona Conroy (Corporate
Broking)
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Tel:
+44(0)20 7408 4090
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Alma Strategic Communications
Josh Royston
Andy Bryant
Robyn Fisher
Emma Thompson
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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.