CML Microsystems PLC Result of AGM (4954U)

TIDMCML

RNS Number : 4954U

CML Microsystems PLC

29 July 2020

CML Microsystems Plc

Results of the 2020 Annual General Meeting

CML Microsystems Plc (the "Group" or the "Company"), which designs, manufactures and markets semiconductors, primarily for global communication and solid state storage markets, today held its Annual General Meeting ("AGM") at 11.30am, Wednesday 29 July 2020. All resolutions put to the shareholders as set out in the Notice of AGM dated 19 June 2020 were passed with the requisite majorities on a show of hands. Details of the proxy and CREST votes cast are as follows:

 
  Resolution                            For            %      Against    %     Withheld    % 
  1. To receive and adopt 
   the Group's consolidated 
   financial statements and 
   reports of the Directors 
   and auditor for the year 
   ended 31st March 2020.               13,812,122   99.99       0      0.00    1,000     0.01 
                                       -----------  -------  --------  -----  ---------  ----- 
  2. To receive and approve 
   the Directors' Remuneration 
   Report for the year ended 
   31st March 2020.                     13,246,662   95.90    566,000   4.10     460      0.00 
                                       -----------  -------  --------  -----  ---------  ----- 
  3. To declare a final 
   dividend of 2.0p per 5p 
   ordinary share for the 
   year ended 31 March 2020.            13,813,122   100.00      0      0.00      0       0.00 
                                       -----------  -------  --------  -----  ---------  ----- 
  4. To re-appoint G Barnes 
   as Director, who retires 
   from the Board by rotation.          13,808,930   99.97     3,484    0.03     708      0.01 
                                       -----------  -------  --------  -----  ---------  ----- 
  5. To send or supply all 
   documents or information 
   relating to the Company 
   to members by making them 
   available on a website.              13,812,122   100.00      0      0.00     460      0.00 
                                       -----------  -------  --------  -----  ---------  ----- 
  6. To re-appoint RSM UK 
   Audit LLP, as auditor 
   of the Company.                      13,742,122   99.49    70,000    0.51    1,000     0.01 
                                       -----------  -------  --------  -----  ---------  ----- 
  7. To authorise the Directors 
   to determine the remuneration 
   of the auditor.                      13,743,122   99.49    70,000    0.51      0       0.00 
                                       -----------  -------  --------  -----  ---------  ----- 
  8. To authorise the Directors 
   to allot shares.                     13,813,122   100.00      0      0.00      0       0.00 
                                       -----------  -------  --------  -----  ---------  ----- 
  9. To disapply the pre-emption 
   provisions of The Companies 
   Act 2006.                            13,237,944   95.84    565,460   4.09    9,718     0.07 
                                       -----------  -------  --------  -----  ---------  ----- 
  10. To disapply the pre-emption 
   provisions of The Companies 
   Act 2006 for the purposes 
   of financing an acquisition 
   or capital investment.               12,953,428   93.78    857,549   6.21    2,145     0.02 
                                       -----------  -------  --------  -----  ---------  ----- 
  11. To renew the authority 
   to the Company to make 
   market purchases of its 
   own shares.                          13,436,147   97.27     1,000    0.01   375,975    2.72 
                                       -----------  -------  --------  -----  ---------  ----- 
                                         www.cmlmicroplc.com 
                                          Tel: +44(0)1621 875 500 
 
   CML Microsystems Plc 
   Chris Gurry, Group Managing 
   Director 
   Nigel Clark, Group Non-Executive 
   Chairman and Group Finance 
   Director 
 Shore Capital                          Tel: +44(0)20 7408 4090 
  Edward Mansfield 
  James Thomas 
 SP Angel Corporate Finance             Tel: +44(0)203 463 2260 
  LLP 
  Jeff Keating 
 Alma PR 
  Josh Royston                            Tel: +44 (0)20 3405 0212 
  Caroline Forde 
  Robyn Fisher

About CML Microsystems PLC

CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and USA. CML targets niche 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 telecoms equipment providers and industrial product manufacturers.

The spread of its customers and products 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 ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has a net cash position and is dividend paying.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGSEDFSUESSEIW

(END) Dow Jones Newswires

July 29, 2020 07:00 ET (11:00 GMT)

Cml Microsystems (LSE:CML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024