CML MICROSYSTEMS PLC
3 August 1999
CML Microsystems Plc ('the Company')
Disposal of Microsense Systems Limited ('MSL')
The Company announces that it has entered into an
agreement with Traffic Signals UK Limited to sell its 60%
holding in MSL, the group's traffic business for a
nominal fee of £60. The agreement is subject to due
diligence.
In the year ended 31 March 1999, MSL made losses before
tax of £559k. At 31 March 1999, MSL had net liabilities
of £537k.
As indicated in the Company's preliminary results, MSL's
results have been disappointing. The disposal of the
business will enable the Company to focus its resources
on its core activities.
For further information:
Nigel Clark CML Microsystems Plc Tel: 01376 513833
Lulu Bridges Tavistock Communications Tel: 0171 600 2288