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CML Microsystems Plc announced on 14 July 2025 that it has agreed to sell excess land at its Essex headquarters to Chapel 110 LLP. The disposal is expected to generate total cash proceeds of £7 million, with £4 million received immediately and the remaining £3 million due in March 2026.
| Date | 14 Jul 2025 |
| Time | 07:00:10 |
| Category | Disposals |
| ID | 8961Q |
14 July 2025
CML Microsystems Plc
("CML", the "Company" or the "Group")
Sale of Excess Land at Group Headquarters
CML Microsystems Plc (AIM: CML), which develops mixed-signal, RF and microwave semiconductors for global communications markets, announces that it has agreed the sale of excess land at the Group's headquarters in Essex to Chapel 110 LLP.
The disposal, which comprises non-operational land identified as surplus to requirements, is expected to generate total cash proceeds of £7 million, which will be received in two tranches over the course of the current financial year, being £4 million with immediate effect and the balance of £3 million during March 2026.
The sale forms part of the Group's ongoing strategy to unlock value from its non-operational property assets, as previously outlined in market updates. The proceeds will further strengthen the Company's balance sheet and provide additional financial flexibility to support ongoing growth opportunities.
The transaction does not impact the Company's operational activities, and the Group's headquarters will continue to operate from its existing facilities on the retained land.
Nigel Clark, Chairman of CML Microsystems, commented:
"This transaction demonstrates further progress in realising value from our non-core property assets and reinforces our commitment to efficient capital management in support of long-term shareholder value creation."
Enquiries:
|
CML Microsystems Plc Chris Gurry, Group Managing Director Nigel Clark, Executive Chairman |
www.cmlmicroplc.com |
|
Shore Capital (Nominated Adviser and Broker) Toby Gibbs, James Thomas, Lucy Bowden Fiona Conroy (Corporate Broking) |
Tel: +44 (0) 20 7408 4090 |
|
Alma Strategic Communications Josh Royston, Andy Bryant, Robyn Fisher, Emma Thompson |
Tel: +44 (0)20 3405 0205
|
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.
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.