CML Microsystems PLC Result of AGM (9436M)
August 02 2017 - 10:05AM
UK Regulatory
TIDMCML
RNS Number : 9436M
CML Microsystems PLC
02 August 2017
CML 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 www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875
Director 500
Neil Pritchard, Group
Financial Director
Cenkos Securities plc Tel: +44(0)20 7397 8900
Alex Aylen (Sales)
Max Hartley (Corporate
Finance)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Robyn Fisher 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 RNS
The company news service from the London Stock Exchange
END
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