CML Microsystems PLC Result of AGM (8415I)

TIDMCML

RNS Number : 8415I

CML Microsystems PLC

09 August 2023

09 August 2023

CML Microsystems Plc

Results of the 2023 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 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 2023, which 
  have been sent to shareholders and 
  are available on the Company website at 
  www.cmlmicroplc.com.                                          10,993,955   94.33    660,004   5.66     994      0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 2. To receive and approve the Directors' Remuneration Report 
  for the year ended 31(st) March 
  2023.                                                         11,401,042   97.82    251,111   2.15    2,800     0.02 
                                                               -----------  -------  --------  -----  ---------  ----- 
 3. To declare a final dividend of 6.0p per 5p ordinary share 
  for the year ended 31(st) March 
  2023.                                                         11,654,383   100.00      0      0.00     570      0.00 
                                                               -----------  -------  --------  -----  ---------  ----- 
 4. To re-appoint G Barnes as Director, who retires from the 
  Board by rotation.                                            11,650,899   99.97     3,555    0.03     499      0.00 
                                                               -----------  -------  --------  -----  ---------  ----- 
 5. To send or supply all documents or information relating 
  to the Company to members by making 
  them available on a website.                                  11,653,994   99.99       0      0.00     959      0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 6. To re-appoint BDO LLP, as auditor of the Company.           11,652,960   99.98      999     0.01     994      0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 7. To authorise the Directors to determine the remuneration 
  of the auditor.                                               11,654,083   99.99       0      0.00     870      0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 8. To authorise the Directors to allot shares.                 11,644,312   99.91     9,842    0.08     799      0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 9. To disapply the pre-emption provisions of The Companies 
  Act 2006.                                                     11,643,299   99.90    11,155    0.10     499      0.00 
                                                               -----------  -------  --------  -----  ---------  ----- 
 10. To disapply the pre-emption provisions of The Companies 
  Act 2006 for the purposes of financing 
  an acquisition or capital investment.                         11,643,852   99.90     9,842    0.08    1,259     0.01 
                                                               -----------  -------  --------  -----  ---------  ----- 
 11. To renew the authority to the Company to make market 
  purchases of its own shares.                                  11,279,388   96.78    374,995   3.22     570      0.00 
                                                               -----------  -------  --------  -----  ---------  ----- 
 
 
 CML Microsystems Plc                www.cmlmicroplc.com 
  Chris Gurry, Group Managing         Tel: [phone] 
  Director 
  Nigel Clark, Executive Chairman 
 Shore Capital                       Tel: [phone] 
  Toby Gibbs 
  James Thomas 
  Lucy Bowden 
  Fiona Conroy (Corporate Broking) 
 Alma PR 
  Josh Royston                         Tel: [phone] 
  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 09, 2023 10:22 ET (14:22 GMT)