CML Microsystems PLC has announced the transfer of 8,000 ordinary shares to satisfy the exercise of share options granted under the Share Option Plan 2022 by an employee in the Company. This move is in line with the company's commitment to transparency and compliance with regulations.
In conformity with the Financial Conduct Authority's Disclosure and Transparency rules, CML has notified the market that the Company's issued share capital comprises 16,504,754 Ordinary Shares. The total number of treasury shares held is 481,675, which do not carry voting rights, leaving the total number of shares carrying voting rights at 16,023,079. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
CML Microsystems Plc is a company that 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. 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 growth in CML's end markets is being driven by factors such as the increasing demand for faster and more secure data transmission, the upgrading of telecoms infrastructure worldwide, and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).
This announcement provides insight into CML Microsystems PLC's recent activities and its position in the global communications markets, showcasing its commitment to compliance and its strategic focus on high-growth segments within the industry.