CML Microsystems (GB:CML) has released an update.
CML Microsystems Plc has announced the transfer of 90,780 ordinary shares from treasury as part of the consideration for the acquisition of Microwave Technology, Inc., reflecting its ongoing expansion in the semiconductor market. Following this transfer, the company, renowned for developing semiconductors for the global communications market, has an updated total voting rights figure of 16,113,859 ordinary shares. The company is known for its robust customer base, cash-generative operations, no debt, and dividend payments, positioning itself well in a growing market driven by demand for faster, more secure data transmission and telecommunications infrastructure upgrades.
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