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RNS Number : 2611I
CML Microsystems PLC
20 March 2018
 

20 March 2018

 

CML Microsystems Plc

("CML" or "the Group")

 

Director/PDMR Dealing

 

The Company announces that on 16 March 2018, Chris Gurry, Group Managing Director, sold a total of 8,751 ordinary 5p shares in the Company ("Ordinary Shares") for tax purposes, at a weighted average price of 504.2p per share. Following this sale, Mr Gurry and his wife have a total interest in 908,816 Ordinary Shares in the Company, representing approximately 5.33% of its issued share capital. 

Further information is disclosed below in accordance with Article 19 of the EU Market Abuse Regulation.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris Gurry

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Managing 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

 

 

Sale of ordinary shares in CML Microsystems Plc

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

505.0p

503.1p

 

4,876 shares

3,875 shares

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Weighted Price

 

 

 

 

 

8,751 shares

 

 

504.2p

 

e)

 

Date of the transaction

 

 

16 March 2018

f)

 

Place of the transaction

 

 

London Stock Exchange, Main Market (XLON)

 

CML Microsystems Plc

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

 

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

Cenkos Securities plc

Russell Kerr (Sales)
Max Hartley (Corporate Finance)

 

Tel: +44(0)20 7397 8900

SP Angel Corporate Finance LLP

Jeff Keating

 

Tel: +44(0)203 463 2260

Alma PR

Josh Royston

Robyn Fisher

 

 

Tel: +44 (0)7780 901979

Tel: +44 (0)7540 706191

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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