REG - CML Microsystems PLC - Result of AGM

CML MicrosystemsAnnouncement

31/07/2019 12:25

RNS Number : 4002H
CML Microsystems PLC
31 July 2019
 


CML Microsystems Plc
 
Results of the 2019 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 11.00am, Wednesday 31 July 2019.  All resolutions put to the shareholders as set out in the Notice of AGM dated 21 June 2019 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 2019.


13,292,864


100.00


0


0.00


0


0.00




 


2. To receive and approve the Directors' Remuneration Report for the year ended 31st March 2019.


12,619,669


94.95


673,195


5.05


0


0.00




 


3. To declare a final dividend of 5.8p per 5p ordinary share for the year ended 31 March 2019.


13,292,864


100.00


0


0.00


0


0.00




 


4. To re-appoint H. F. Rudden as Director, who retires from the Board by rotation.


13,289,380


99.97


3,484


0.03


0


0.00




 


5. To re-appoint N. G. Clark as Director, who retires from the Board by rotation.


12,720,645


95.70


3,484


0.02


568,735


4.28




 


6. To send or supply all documents or information relating to the Company to members by making them available on a website. 


13,291,434


99.99


970


0.01


460


0.00




 


7. To re-appoint RSM UK Audit LLP, as auditor of the Company.


13,292,864


100.00


0


0.00


0


0.00




 


8. To authorise the Directors to determine the remuneration of the auditor.


13,246,864


99.65


46,000


0.35


0


0.00




 


9. To authorise the Directors to allot shares.


13,292,864


100.00


0


0.00


0


0.00




 


10. To disapply the pre-emption provisions of The Companies Act 2006.


12,727,404


95.75


565,460


4.25


0


0.00




 


11. To disapply the pre-emption provisions of The Companies Act 2006 for the purposes of financing an acquisition or capital investment.


11,175,077


84.07


2,117,787


15.93


0


0.00




 


12. To renew the authority to the Company to make market purchases of its own shares.


13,292,864


100.00


0


0.00


0


0.00




 
 
 
CML Microsystems Plc
Chris Gurry, Group Managing Director

Neil Pritchard, Group Financial Director
 


 
 
 
www.cmlmicroplc.com

Tel: +44(0)1621 875 500


 




Shore Capital
Edward Mansfield
James Thomas
 


Tel: +44(0)20 7408 4090


 




SP Angel Corporate Finance LLP
Jeff Keating
 


Tel: +44(0)203 463 2260


 




Alma PR
Josh Royston
Caroline Forde
 


 
Tel: +44 (0)20 3405 0212
 


 














 
 
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.
 




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