CML Microsystems PLC Director/PDMR Shareholding (2611I)
20 Mars 2018 - 9:52AM
UK Regulatory
TIDMCML
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 Initial
/Amendment
--- ------------------------ ----------------------------
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 5p ordinary shares in CML
the financial Microsystems Plc
instrument, type
of instrument
Identification ISIN: GB0001602944
code
--- ------------------------ ----------------------------
b) Nature of the Sale of ordinary shares in
transaction CML Microsystems Plc
--- ------------------------ ----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- --------------
505.0p 4,876 shares
503.1p 3,875 shares
--------- --------------
--- ------------------------ ----------------------------
d) Aggregated information
- Aggregated
volume 8,751 shares
- Weighted Price 504.2p
--- ------------------------ ----------------------------
e) Date of the transaction 16 March 2018
--- ------------------------ ----------------------------
f) Place of the London Stock Exchange, Main
transaction Market (XLON)
--- ------------------------ ----------------------------
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
Russell Kerr (Sales)
Max Hartley (Corporate
Finance)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Robyn Fisher 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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