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RNS Number : 3061A CML Microsystems PLC 13 August 2024
CML Microsystems Plc
Results of the 2024 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 11,352,317 98.80 2,601 0.02 134,876 1.17
reports of the Directors and auditor for the year ended 31(st) March 2024,
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 11,340,061 98.70 146,221 1.27 3,512 0.03
ended 31(st) March 2024.
3. To declare a final dividend of 6.0p per 5p ordinary share for the year 11,486,901 99.97 2,601 0.02 292 0.00
ended 31(st) March 2024.
4. To re-appoint J Lindop as Director, who retires from the Board by rotation. 10,702,219 93.15 785,083 6.83 2,492 0.02
5. To re-appoint M McCabe as Director, who was appointed to the board in the 11,481,217 99.93 6,085 0.05 2,492 0.02
year.
6. To re-appoint N Zommer as Director, who was appointed to the board in the 11,481,217 99.93 6,085 0.05 2,492 0.02
year.
7. To send or supply all documents or information relating to the Company to 11,486,187 99.97 3,351 0.03 256 0.00
members by making them available on a website.
8. To re-appoint BDO LLP, as auditor of the Company. 11,485,831 99.97 2,601 0.02 1,362 0.01
9. To authorise the Directors to determine the remuneration of the auditor. 11,484,901 99.96 2,601 0.02 2,592 0.02
10. To authorise the Directors to allot shares. 11,476,821 99.89 12,021 0.10 952 0.01
11. To disapply the pre-emption provisions of The Companies Act 2006. 11,471,756 99.84 17,546 0.15 492 0.00
12. To disapply the pre-emption provisions of The Companies Act 2006 for the 11,473,296 99.86 15,546 0.14 952 0.01
purposes of financing an acquisition or capital investment.
13. To renew the authority to the Company to make market purchases of its own 11,485,531 99.96 3,771 0.03 492 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, Non-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
Robyn Fisher
Emma Thompson
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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