CML Microsystems Plc
(The 'Company')
Director/PDMR notification / Grant of Options
The Company announces that on 19 March 2019 it granted options over a total of 703,670 Ordinary Shares of 5p each in the Company ("Options") to certain employees and the following directors. The Options were granted under the CML Microsystems Plc share option schemes at an option price of £2.79 and are applicable to the Company's global employee base.
Following the grant of Options, there are 1,537,449 share options outstanding, representing 9.00% of the Company's current issued share capital.
Included in the above, a total of 225,000 share options over Ordinary Shares of 5p each were granted to the Directors as follows:
|
Director |
No of options granted |
Details |
No of options held prior to the grant |
No of shares in the Company in which the Director has voting rights (%ISC) |
|
Chris Gurry |
75,000 |
At £2.79, being the average closing mid-price for the previous three days before grant |
50,000 |
908,816 (5.32%) |
|
Neil Pritchard |
75,000 |
At £2.79, being the average closing mid-price for the previous three days before grant |
92,500 |
- |
|
Hugh Rudden |
75,000 |
At £2.79, being the average closing mid-price for the previous three days before grant |
92,000 |
- |
The options granted remain exercisable between the third and tenth anniversaries of the date of grant.
For further information please contact:
|
CML Microsystems Plc Chris Gurry, Group Managing Director |
www.cmlmicroplc.com |
|
Shore Capital Edward Mansfield James Thomas |
Tel: +44(0)7408 4090 |
|
SP Angel Corporate Finance LLP Jeff Keating |
Tel: +44(0)203 463 2260 |
|
Alma PR Josh Royston Caroline Forde Robyn Fisher |
Tel: +44 (0)7780 901979 |
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR)
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Chris Gurry Neil Pritchard Hugh Rudden |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chris Gurry - Chief Executive officer Neil Pritchard - Group Financial Director Hugh Rudden - Group Sales and Marketing Director |
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b) |
Initial notification /Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
CML Microsystems Plc |
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|
b) |
LEI |
213800HF8HL7CZDM5C42 |
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|
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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
5p ordinary shares in CML Microsystems Plc ISIN: GB0001602944 |
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|
b) |
Nature of the transaction |
Grant of Options |
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|
c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information - Aggregated volume - Weighted Price |
N/A - single transaction |
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|
e) |
Date of the transaction |
19 March 2019 |
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|
f) |
Place of the transaction |
Outside a trading venue |
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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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