CML Microsystems PLC Result of AGM (4002H)
July 31 2019 - 7:22AM
UK Regulatory
TIDMCML
RNS Number : 4002H
CML Microsystems PLC
31 July 2019
CML Microsystems Plc
Results of the 2019 Annual General Meeting
CML Microsystems Plc (the "Group" or the "Company"), which
designs, manufactures and markets semiconductors, primarily for
global communication and solid state storage markets, today held
its Annual General Meeting ("AGM") at 11.00am, Wednesday 31 July
2019. All resolutions put to the shareholders as set out in the
Notice of AGM dated 21 June 2019 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 receive and adopt
the Group's consolidated
financial statements and
reports of the Directors
and auditor for the year
ended 31st March 2019. 13,292,864 100.00 0 0.00 0 0.00
------------- ------- ---------- ------ --------- -----
2. To receive and approve
the Directors' Remuneration
Report for the year ended
31st March 2019. 12,619,669 94.95 673,195 5.05 0 0.00
------------- ------- ---------- ------ --------- -----
3. To declare a final
dividend of 5.8p per 5p
ordinary share for the
year ended 31 March 2019. 13,292,864 100.00 0 0.00 0 0.00
------------- ------- ---------- ------ --------- -----
4. To re-appoint H. F.
Rudden as Director, who
retires from the Board
by rotation. 13,289,380 99.97 3,484 0.03 0 0.00
------------- ------- ---------- ------ --------- -----
5. To re-appoint N. G.
Clark as Director, who
retires from the Board
by rotation. 12,720,645 95.70 3,484 0.02 568,735 4.28
------------- ------- ---------- ------ --------- -----
6. To send or supply all
documents or information
relating to the Company
to members by making them
available on a website. 13,291,434 99.99 970 0.01 460 0.00
------------- ------- ---------- ------ --------- -----
7. To re-appoint RSM UK
Audit LLP, as auditor
of the Company. 13,292,864 100.00 0 0.00 0 0.00
------------- ------- ---------- ------ --------- -----
8. To authorise the Directors
to determine the remuneration
of the auditor. 13,246,864 99.65 46,000 0.35 0 0.00
------------- ------- ---------- ------ --------- -----
9. To authorise the Directors
to allot shares. 13,292,864 100.00 0 0.00 0 0.00
------------- ------- ---------- ------ --------- -----
10. To disapply the pre-emption
provisions of The Companies
Act 2006. 12,727,404 95.75 565,460 4.25 0 0.00
------------- ------- ---------- ------ --------- -----
11. To disapply the pre-emption
provisions of The Companies
Act 2006 for the purposes
of financing an acquisition
or capital investment. 11,175,077 84.07 2,117,787 15.93 0 0.00
------------- ------- ---------- ------ --------- -----
12. To renew the authority
to the Company to make
market purchases of its
own shares. 13,292,864 100.00 0 0.00 0 0.00
------------- ------- ---------- ------ --------- -----
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Neil Pritchard, Group Financial
Director
Shore Capital Tel: +44(0)20 7408 4090
Edward Mansfield
James Thomas
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Caroline Forde
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 a net cash position and is
dividend paying.
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END
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