CML Microsystems PLC Exercise of Options/PDMR Dealing Notification (2109Y)
August 17 2018 - 11:45AM
UK Regulatory
TIDMCML
RNS Number : 2109Y
CML Microsystems PLC
17 August 2018
17 August 2018
CML Microsystems Plc (the 'Company')
Exercise of Options/PDMR Dealing Notification
The Company announces that, on 17 August 2018, Mr Hugh Rudden,
Group Sales and Marketing Director, and Neil Pritchard, Group
Financial Director, exercised 8,000 and 7,500 share options
respectively under CML Microsystems plc share option schemes over
ordinary shares of 5p each ("Shares") in the Company at an exercise
price of GBP3.125 per share and an exercise price of GBP3.45 per
share respectively. Mr Hugh Rudden and Mr Neil Pritchard sold the
resulting Shares at a price of GBP5.02 per share and GBP5.02 per
share respectively. Following the exercise of options, the Company
now has 17,137,686 ordinary shares in issue. This number may be
used by shareholders as the denominator for the calculations to
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
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 Hugh Rudden
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Group Sales and Marketing 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 the 5p ordinary shares in CML Microsystems
financial instrument, Plc
type of instrument
Identification code
ISIN: GB0001602944
-------------------------- ---------------------------------------
b) Nature of the transaction Exercise of options over ordinary
shares
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.125 8,000
----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Weighted Price
-------------------------- ---------------------------------------
e) Date of the transaction 17 August 2018
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
5 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 the 5p ordinary shares in CML Microsystems
financial instrument, Plc
type of instrument
Identification code
ISIN: GB0001602944
-------------------------- ---------------------------------------
b) Nature of the transaction Sale of ordinary shares
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP5.02 8,000
----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Weighted Price
-------------------------- ---------------------------------------
e) Date of the transaction 17 August 2018
-------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
(XLON)
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Pritchard
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Group Financial 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 the 5p ordinary shares in CML Microsystems
financial instrument, Plc
type of instrument
Identification code
ISIN: GB0001602944
-------------------------- --------------------------------------------
b) Nature of the transaction Exercise of options over ordinary
shares
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.45 7,500
----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Weighted Price
-------------------------- --------------------------------------------
e) Date of the transaction 17 August 2018
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
5. 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 the 5p ordinary shares in CML Microsystems
financial instrument, Plc
type of instrument
Identification code
ISIN: GB0001602944
-------------------------- --------------------------------------------
b) Nature of the transaction Sale of ordinary shares in CML Microsystems
Plc
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP5.02 7,500
----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Weighted Price
-------------------------- --------------------------------------------
e) Date of the transaction 17 August 2018
-------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
(XLON)
-------------------------- --------------------------------------------
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Neil Pritchard, Group Financial
Director
Cenkos Securities plc Tel: +44(0)20 7397 8900
Max Hartley (Corporate Finance)
Russell Kerr (Sales)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde Tel: +44 (0)7779 664584
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.
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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