CML Microsystems PLC Change to final results announcement date (5100O)

TIDMCML

RNS Number : 5100O

CML Microsystems PLC

10 June 2022

 
 For Immediate Release   10 June 2022

CML Microsystems Plc

("CML", or the "Group")

Change to final results announcement date

CML, which develops mixed-signal, RF and microwave semiconductors for global communications markets, announces that its final results for the year ended 31 March 2022 will now be reported on 5 July 2022 and not 14 June 2022 as previously stated.

The Company's auditor, BDO LLP ("BDO"), has requested additional time to finalise its audit process and internal review procedures. The Group is both frustrated and disappointed with the last-minute delay.

As announced on 5 April 2022, the Group continues to expect to report results slightly ahead of market expectations.

Enquiries:

 
CML Microsystems Plc                   www.cmlmicroplc.com 
 Chris Gurry, Group Managing Director   Tel: +44 (0) 1621 875 500 
 Nigel Clark, Executive Chairman 
Shore Capital (Nominated Adviser       Tel: +44 (0) 20 7408 4090 
 and Sole Broker) 
 Toby Gibbs 
 James Thomas 
 John More 
 
Alma PR                                Tel: +44 (0) 20 3405 0212 
 Josh Royston 
 Caroline Forde 
 Andy Bryant 
 Matthew Young

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NORBKKBDBBKDAAD

(END) Dow Jones Newswires

June 10, 2022 08:18 ET (12:18 GMT)

Cml Microsystems (LSE:CML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024