CML Microsystems PLC Result of AGM (6116V)

TIDMCML

RNS Number : 6116V

CML Microsystems PLC

10 August 2022

CML Microsystems Plc

Results of the 2022 Annual 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 Annual General Meeting ("AGM") at which all resolutions put to the shareholders were duly passed, except for resolution 10 which was a special resolution relating to the disapplication of pre-emption rights, 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 31(st) March 2022.        12,864,066   99.99       276      0.00       740      0.01 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 2. To receive and approve the Directors' Remuneration 
  Report for the year ended 31(st) March 
  2022.                                                    10,332,402   80.31    2,530,679   19.67     2,001     0.02 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 3. To declare a final dividend of 5.0p per 5p ordinary 
  share for the year ended 31(st) March 
  2022.                                                    12,865,082   100.00       0       0.00        0       0.00 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 4. To re-appoint N Clark as Director, who retires from 
  the Board by rotation.                                   11,184,588   86.74      3,828     0.03    1,676,666   13.03 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 5. To send or supply all documents or information 
  relating to the Company to members by making 
  them available on a website.                             12,864,622   100.00       0       0.00       460      0.00 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 6. To re-appoint BDO LLP, as auditor of the Company.      12,863,328   99.99       344      0.00      1,410     0.01 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 7. To authorise the Directors to determine the 
  remuneration of the auditor.                             12,863,831   99.99       581      0.00       670      0.01 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 8. To authorise the Directors to allot shares.            12,851,291   99.89     13,791     0.11        0       0.00 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 9. To disapply the pre-emption provisions of The 
  Companies Act 2006.                                      12,853,927   99.91      9,155     0.07      2,000     0.02 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 10. To disapply the pre-emption provisions of The 
  Companies Act 2006 for the purposes of financing 
  an acquisition or capital investment.                    9,525,035    74.04    3,337,587   25.94     2,460     0.02 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 11. To renew the authority to the Company to make 
  market purchases of its own shares.                      12,864,342   99.99       740      0.01        0       0.00 
                                                          -----------  -------  ----------  ------  ----------  ------ 
 
 
 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 
  Fiona Conroy 
 Alma PR 
  Josh Royston                        Tel: +44 (0)20 3405 0212 
  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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August 10, 2022 11:02 ET (15:02 GMT)

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