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CML Microsystems PLC (CML)

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Thursday 21 March, 2019

CML Microsystems PLC

Grant of Share Options

RNS Number : 6114T
CML Microsystems PLC
21 March 2019
 

CML Microsystems Plc

(The 'Company')

Director/PDMR notification / Grant of Options

The Company announces that on 19 March 2019 it granted options over a total of 703,670 Ordinary Shares of 5p each in the Company ("Options") to certain employees and the following directors.  The Options were granted under the CML Microsystems Plc share option schemes at an option price of £2.79 and are applicable to the Company's global employee base. 

Following the grant of Options, there are 1,537,449 share options outstanding, representing 9.00% of the Company's current issued share capital.  

Included in the above, a total of 225,000 share options over Ordinary Shares of 5p each were granted to the Directors as follows:

Director

No of options granted

Details

No of options held prior to the grant

No of shares in the Company in which the Director has voting rights (%ISC)

 

Chris Gurry

75,000

At £2.79, being the average closing mid-price for the previous three days before grant

50,000

908,816

(5.32%)

Neil Pritchard

75,000

At £2.79, being the average closing mid-price for the previous three days before grant

92,500

-

Hugh Rudden

75,000

At £2.79, being the average closing mid-price for the previous three days before grant

92,000

-

 

The options granted remain exercisable between the third and tenth anniversaries of the date of grant. 

For further information please contact:

CML Microsystems Plc

Chris Gurry, Group Managing Director
Neil Pritchard, Group Financial Director

 

www.cmlmicroplc.com
Tel: +44(0)1621 875 500

Shore Capital

Edward Mansfield

James Thomas

 

Tel: +44(0)7408 4090

SP Angel Corporate Finance LLP

Jeff Keating

 

Tel: +44(0)203 463 2260

Alma PR

Josh Royston

Caroline Forde

Robyn Fisher

 Tel: +44 (0)7780 901979

 

 

Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR) 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris Gurry

Neil Pritchard 

Hugh Rudden

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chris Gurry - Chief Executive officer

Neil Pritchard - Group Financial Director

Hugh Rudden - Group Sales and Marketing Director

 

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CML Microsystems Plc

b)

 

LEI

 

 

213800HF8HL7CZDM5C42

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

5p ordinary shares in CML Microsystems Plc

 

 

 

ISIN: GB0001602944

 

b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)

 

 

 

Name

Price(s)

Volume(s)

Chris Gurry

£2.79

75,000

Neil Pritchard

£2.79

75,000

Hugh Rudden

£2.79

75,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Weighted Price

 

 

 

 

 

N/A - single transaction

 

 

 

e)

 

Date of the transaction

 

 

19 March 2019

f)

 

Place of the transaction

 

 

Outside a trading venue

 

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.

 


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