CML Microsystems PLC Results of the 2022 General Meeting (8026F)

TIDMCML

RNS Number : 8026F

CML Microsystems PLC

23 March 2022

CML Microsystems Plc

Results of the 2022 General Meeting

CML Microsystems Plc (the "Group" or the "Company"), which develops mixed-signal, RF and microwave semiconductors for global communications markets, today held its General Meeting ("GM") at 11.00am, Wednesday 23 March 2022. All resolutions put to the shareholders as set out in the Notice of GM dated 2 March 2022 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 approve the CML Microsystems Plc Share Option Plan 
  2022                                                        11,306,976   81.80   2,313,231   16.73   202,982    1.47 
                                                             -----------  ------  ----------  ------  ---------  ----- 
 2. To approve the CML Microsystems Plc Long Term Incentive 
  Plan 2022                                                   13,419,571   97.08    400,726    2.90     2,982     0.02 
                                                             -----------  ------  ----------  ------  ---------  ----- 
 
 
 CML Microsystems Plc               www.cmlmicroplc.com 
  Chris Gurry, Group Managing        Tel: +44(0)1621 875 500 
  Director 
  Nigel Clark, Executive Chairman 
 Shore Capital                      Tel: +44(0)20 7408 4090 
  Toby Gibbs 
  James Thomas 
  John More 
 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 
  Andy Bryant 
  Matthew Young

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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March 23, 2022 11:13 ET (15:13 GMT)

Cml Microsystems (LSE:CML)
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