CML Microsystems Plc, a company that develops mixed-signal, RF, and microwave semiconductors for global communications markets, has provided an update on its block listing. The company has applied for the block listing of an additional 175,393 ordinary shares of 5 pence each in the company. These shares will be used to satisfy future exercises of options over ordinary shares under the company's employee share option schemes. The shares will rank pari passu with the existing ordinary shares and admission is expected to occur on October 3, 2023.

In terms of total voting rights, CML Microsystems Plc has notified the market that its issued share capital consists of 15,552,069 ordinary shares of 5p each, all of which carry voting rights. In addition, the company holds 360,675 treasury shares that do not carry voting rights. Shareholders can use the figure of 15,552,069 ordinary shares as the denominator for calculating their interest in the company under the FSA's Disclosure and Transparency Rules.

CML Microsystems Plc develops semiconductors for communication markets and targets sub-segments with strong growth profiles and high barriers to entry. The company has a diverse customer base and its product range protects it from the cyclicality typically associated with the semiconductor industry. The growth in its end markets is driven by factors such as the increasing demand for faster and more secure data transmission, the upgrading of telecoms infrastructure, and the growing prevalence of private commercial wireless networks linked to the industrial internet of things (IIoT).