2 October 2024

CML Microsystems Plc

("CML", the "Company" or the "Group")

Transfer of Treasury Shares

Total Voting Rights

CML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications markets, announces that it has today transferred 90,780 ordinary shares of 5 pence each ("Ordinary Shares") out of treasury.

On 2 October 2023, the Company announced that it had completed the acquisition of Microwave Technology, Inc. ("MwT") and that, as part of the consideration it would be issuing Consideration Shares to the vendors of MwT. The 90,780 shares transferred out of treasury today are part of those Consideration Shares. Full details on the Consideration Shares and the acquisition of MwT can be found in the Company's announcement of 2 October 2023.

Total Voting Rights

In conformity with the Financial Conduct Authority's Disclosure and Transparency rules, CML Microsystems Plc hereby notifies the market that the Company's issued share capital comprises 16,504,754 Ordinary Shares. The Company now holds 390,895 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 16,113,859 ordinary shares. 

The above figure of 16,113,859 Ordinary Shares in the Company carrying voting rights 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.

About CML Microsystems Plc

CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and 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 spread of its customers and diversity of the product range 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 appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has no debt and is dividend paying.