REG - CML Microsystems PLC - Result of AGM

CML MicrosystemsAnnouncement

09/08/2023 15:30

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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       10,993,955  94.33   660,004  5.66  994       0.01
 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.
 2. To receive and approve the Directors' Remuneration Report for the year       11,401,042  97.82   251,111  2.15  2,800     0.02
 ended 31(st) March 2023.
 3. To declare a final dividend of 6.0p per 5p ordinary share for the year       11,654,383  100.00  0        0.00  570       0.00
 ended 31(st) March 2023.
 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    11,653,994  99.99   0        0.00  959       0.01
 members by making them available on a website.
 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    11,643,852  99.90   9,842    0.08  1,259     0.01
 purposes of financing an acquisition or capital investment.
 11. To renew the authority to the Company to make market purchases of its own   11,279,388  96.78   374,995  3.22  570       0.00
 shares.

 

 

 CML Microsystems Plc                   www.cmlmicroplc.com (http://www.cmlmicroplc.com/)

Tel: +44(0)1621 875 500
 Chris Gurry, Group Managing Director

Nigel Clark, Executive Chairman

 Shore Capital                          Tel: +44(0)20 7408 4090

 Toby Gibbs

 James Thomas

 Lucy Bowden

 Fiona Conroy (Corporate Broking)

 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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