CML Microsystems PLC has announced the purchase of 90,000 ordinary shares at a price of £3.00 per share on 3 July 2024. These shares will be held in Treasury. The company's issued share capital comprises 16,504,754 Ordinary Shares, with a total of 489,675 treasury shares that do not carry voting rights. The total number of shares carrying voting rights is 16,015,079. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in the company under the FCA's Disclosure and Transparency Rules.

CML Microsystems PLC develops mixed-signal, RF, and microwave semiconductors for global communications markets. The Group utilizes a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia, and the USA. The company 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 growth in CML's end markets is being driven by factors such as the demand for faster and more secure data transmission, the upgrading of telecoms infrastructure worldwide, and the increasing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).

For further information, the company's contacts are Chris Gurry, Group Managing Director, and Nigel Clark, Non-Executive Chairman. Additionally, Shore Capital serves as the Nominated Adviser & Broker, and Alma Strategic Communications provides corporate broking services.

This information was supplied by Euroland.com.