REG - CML Microsystems PLC - Result of AGM <Origin Href="QuoteRef">CML.L</Origin>
RNS Number : 9436MCML Microsystems PLC02 August 2017CML Microsystems Plc
(The "Company" or the "Group")
Results of the 2017 Annual General Meeting
CML Microsystems Plc, ("CML" or "the Group"), which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, today held its Annual General Meeting ("AGM") at 11.00am, Wednesday 2 August 2017. All resolutions put to the shareholders as set out in the Notice of AGM dated 23 June 2017 were passed with the requisite majorities on a show of hands. Details of the proxy 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 2017.
13,129,146
100.00
0
0.00
0
0.00
2. To receive and approve the Directors' Remuneration Report for the year ended 31st March 2017.
13,127,786
99.94
7,774
0.06
0
0.00
3. To declare a final dividend of 7.4p per 5p ordinary share for the year ended 31 March 2017.
13,129,146
100.00
0
0.00
0
0.00
4. To re-appoint H. F. Rudden as Director, who retires from the Board by rotation.
13,129,146
100.00
0
0.00
0
0.00
5. To re-appoint N. G. Clark as Director, who retires from the Board by rotation.
11,963,115
91.07
1,089,067
8.29
83,378
0.63
6. To re-appoint G. F. Barnes as Director, who was appointed to the Board on 1 April 2017.
13,124,576
99.97
460
0.00
4,110
0.03
7. To send or supply all documents or information relating to the Company to members by making them available on a website.
13,125,516
99.97
3,630
0.03
0
0.00
8. To re-appoint RSM UK Audit LLP, as auditor of the Company.
13,129,146
100.00
0
0.00
0
0.00
9. To authorise the Directors to determine the remuneration of the auditor.
13,129,146
100.00
0
0.00
0
0.00
10. To authorise the Directors to allot shares.
13,129,146
100.00
0
0.00
0
0.00
11. To disapply the pre-emption provisions of The Companies Act 2006.
13,129,146
100.00
0
0.00
0
0.00
12. To disapply the pre-emption provisions of The Companies Act 2006 for the purposes of financing an acquisition or capital investment.
12,563,246
95.64
572,314
4.36
0
0.00
13. To renew the authority to the Company to make market purchases of its own shares.
13,126,646
99.98
2,500
0.02
0
0.00
CML Microsystems Plc
Chris Gurry, Group Managing Director
Neil Pritchard, Group Financial Directorwww.cmlmicroplc.com
Tel: +44(0)1621 875 500Cenkos Securities plc
Alex Aylen (Sales)
Max Hartley (Corporate Finance)Tel: +44(0)20 7397 8900
SP Angel Corporate Finance LLP
Jeff Keating
Tel: +44(0)203 463 2260
Alma PR
Josh Royston
Robyn Fisher
Tel: +44 (0)7780 901979
Tel: +44 (0)7540 706191
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 no borrowings and is dividend paying.
This information is provided by RNSThe company news service from the London Stock ExchangeENDRAGSSLFIEFWSESA
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