CML Microsystems announces £7m sale of surplus land, shares up 39% in under a month

14.07.2025

CML Microsystems (LON:CML), which develops mixed-signal, RF and microwave semiconductors for global communications markets, has this morning announced the agreement to the sale of excess land at the group's headquarters in Essex.

The disposal, which comprises non-operational land identified as surplus to requirements, is expected to generate total cash proceeds of £7m, which will be received in two tranches over the course of the current financial year, being £4m with immediate effect and the balance of £3m 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.

Chairman Nigel Clark stated that:

"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."

In reaction to the financial news the group's shares have moved up 5% to 326p, some 16p better on the day, with already far higher than the average daily dealing volumes in the stock having been achieved in the first hour of dealings.

The group, which is holding its AGM on Tuesday 5th August, has seen its shares rise nearly 39% in under a month.

(Profile 19.06.25 @ 235p set a Target Price of 295p*)