CML Microsystems PLC Share Buyback Programme Update (0338N)
18 Gennaio 2023 - 8:30AM
UK Regulatory
TIDMCML
RNS Number : 0338N
CML Microsystems PLC
18 January 2023
18 January 2023
CML Microsystems Plc
("CML", the "Company" or the "Group")
Share Buyback Programme Update
CML Microsystems Plc, which develops mixed-signal, RF, and
microwave semiconductors for global communications markets,
announces that it has stopped its share buyback programme that
commenced on 3 October 2022.
Between 3 October 2022 and 17 January 2023, 72,634 ordinary
shares in the Company were repurchased on the London Stock Exchange
for cancellation at an average price of 445p per share. This
represented 0.46% of the issued share capital of the Company
(excluding any treasury shares, of which there were none) when the
programme commenced.
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 15,912,744
ordinary shares of 5p each. The total number of treasury shares
held is 72,634 which do not carry voting rights.
The total number of voting rights in the Group is therefore
15,840,110 (which excludes ordinary shares held by the Group in
treasury). This figure may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the Group under the FCA's Disclosure and Transparency
Rules.
Enquiries:
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44 (0) 1621 875 500
Nigel Clark, Executive Chairman
Shore Capital (Nominated Adviser Tel: +44 (0) 20 7408 4090
and Broker)
Toby Gibbs
James Thomas
John More
Alma PR Tel: +44 (0)20 3405 0205
Josh Royston
Andy Bryant
Matthew Young
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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