CML Microsystems PLC Appointment of Non-Executive Director (4831X)
2023年12月20日 - 8:27PM
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TIDMCML
RNS Number : 4831X
CML Microsystems PLC
20 December 2023
20 December 2023
CML Microsystems Plc
("CML", the "Company" or the "Group")
Appointment of Non-Executive Director
CML, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, is pleased to
announce that, further to the announcement on 2 October 2023, Dr
Nathan Zommer has now been appointed to the board of the Company in
a non-executive capacity, effective from 1 January 2024, following
completion of the normal regulatory due diligence checks.
Please refer to Annex 1 for all further disclosure relating to
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
CML Microsystems Plc
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Nigel Clark, Non-Executive
Chairman
Shore Capital Tel: +44(0)20 7408 4090
Toby Gibbs
James Thomas
Lucy Bowden
Fiona Conroy (Corporate Broking)
Alma Strategic Communications Tel: +44 (0)20 3405 0212
Josh Royston
Andy Bryant
Matthew Young
ANNEX 1
Regulatory Disclosures (in accordance with Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies).
Save for the information set out above and below, there are no
further disclosures to be made in accordance with Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
respect of the appointments of Nathan Zommer, aged 75. Dr Zommer
holds 592,010 ordinary shares of 5 pence each in the Company
representing approximately 3.67% of the Company's issued share
capital.
Dr Zommer, is, or has been in the previous five years, a
director of the following companies:
Current directorships Previous directorships
Airsem Technologies Littelfuse, Inc.
Emma Sensing Ltd Microwave Technology Inc.
Pelegol Ltd Vonetize PLC
Operations & Date Integriti
(O.D.I.) Ltd
Securepush Ltd
VTool Ltd
---------------------------
On 30 November 2016, Dr Zommer was appointed an independent
non-executive director of the board of Vonetize PLC ("Vonetize"),
an Israeli company in the streaming and Smart TV sector. Dr Zommer
stepped down from the board of Vonetize on 6 January 2019.
Subsequently on 8 September 2019, Vonetize entered liquidation. The
liquidation case remains ongoing.
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.
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END
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December 20, 2023 06:27 ET (11:27 GMT)
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