Share Buyback Programme Update

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 Chris Gurry, Group Managing Director Nigel Clark, Executive Chairman	www.cmlmicroplc.com Tel: [phone]
Shore Capital (Nominated Adviser and Broker) Toby Gibbs James Thomas John More	Tel: [phone]
Alma PR Josh Royston Andy Bryant Matthew Young	Tel: [phone]

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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