REG - CML Microsystems PLC - Results of the 2022 General Meeting

CML MicrosystemsAnnouncement

23/03/2022 15:15

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RNS Number : 8026F  CML Microsystems PLC  23 March 2022

23 March 2022

 

CML Microsystems Plc

 

Results of the 2022 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 General Meeting ("GM") at 11.00am, Wednesday 23 March
2022.  All resolutions put to the shareholders as set out in the Notice of GM
dated 2 March 2022 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 approve the CML Microsystems Plc Share Option Plan 2022         11,306,976  81.80  2,313,231  16.73  202,982   1.47
 2. To approve the CML Microsystems Plc Long Term Incentive Plan 2022  13,419,571  97.08  400,726    2.90   2,982     0.02

 

 

 

 

 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

 John More

 SP Angel Corporate Finance LLP         Tel: +44(0)203 463 2260

 Jeff Keating

 Alma PR

 Josh Royston                           Tel: +44 (0)20 3405 0212

 Caroline Forde

 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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