CML Microsystems PLC Result of AGM (8415I)
August 09 2023 - 9:22AM
UK Regulatory
TIDMCML
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 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. 10,993,955 94.33 660,004 5.66 994 0.01
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2. To receive and approve the Directors' Remuneration Report
for the year ended 31(st) March
2023. 11,401,042 97.82 251,111 2.15 2,800 0.02
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3. To declare a final dividend of 6.0p per 5p ordinary share
for the year ended 31(st) March
2023. 11,654,383 100.00 0 0.00 570 0.00
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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
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5. To send or supply all documents or information relating
to the Company to members by making
them available on a website. 11,653,994 99.99 0 0.00 959 0.01
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6. To re-appoint BDO LLP, as auditor of the Company. 11,652,960 99.98 999 0.01 994 0.01
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7. To authorise the Directors to determine the remuneration
of the auditor. 11,654,083 99.99 0 0.00 870 0.01
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8. To authorise the Directors to allot shares. 11,644,312 99.91 9,842 0.08 799 0.01
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9. To disapply the pre-emption provisions of The Companies
Act 2006. 11,643,299 99.90 11,155 0.10 499 0.00
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10. To disapply the pre-emption provisions of The Companies
Act 2006 for the purposes of financing
an acquisition or capital investment. 11,643,852 99.90 9,842 0.08 1,259 0.01
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11. To renew the authority to the Company to make market
purchases of its own shares. 11,279,388 96.78 374,995 3.22 570 0.00
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CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
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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