CML Microsystems PLC Resignation of NED (6179W)
10 Février 2017 - 12:20PM
UK Regulatory
TIDMCML
RNS Number : 6179W
CML Microsystems PLC
10 February 2017
10th February 2017
CML Microsystems Plc
Non-Executive Director Retirement
CML Microsystems Plc, ("CML", "Company" or "the Group"), which
designs, manufactures and markets mixed-signal and Radio Frequency
(RF) semiconductors, primarily for global communication and solid
state storage markets, announces that Ron Shashoua has notified the
Board of his intention to retire as a Non-Executive Director of the
Company at the end of the current Financial Year (31 March
2017).
Nigel Clark, Group Non-Executive Chairman, said on behalf of the
Board, "we would like to thank Ron for his significant and valuable
contributions over the last 21 years. Ron has brought tremendous
experience, guidance and insight to the Board and we wish him well
for the future."
A process to identify and appoint another Non-Executive Director
for the Board is underway and a further announcement will therefore
be made in due course.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875
Director 500
Neil Pritchard, Group
Financial Director
Cenkos Securities plc Tel: +44(0)20 7397 8900
Max Hartley (Corporate
Finance)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR Tel: +44 (0)7780 901979
Josh Royston Tel: +44 (0)7540 706191
Robyn McConnachie
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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