10 August 2022
CML Microsystems Plc
Results of the 2022 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, except for resolution 10 which was a special resolution relating to the disapplication of pre-emption rights, 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 2022. | 12,864,066 | 99.99 | 276 | 0.00 | 740 | 0.01 |
| 2. To receive and approve the Directors' Remuneration Report for the year ended 31st March 2022. | 10,332,402 | 80.31 | 2,530,679 | 19.67 | 2,001 | 0.02 |
| 3. To declare a final dividend of 5.0p per 5p ordinary share for the year ended 31st March 2022. | 12,865,082 | 100.00 | 0 | 0.00 | 0 | 0.00 |
| 4. To re-appoint N Clark as Director, who retires from the Board by rotation. | 11,184,588 | 86.74 | 3,828 | 0.03 | 1,676,666 | 13.03 |
| 5. To send or supply all documents or information relating to the Company to members by making them available on a website. | 12,864,622 | 100.00 | 0 | 0.00 | 460 | 0.00 |
| 6. To re-appoint BDO LLP, as auditor of the Company. | 12,863,328 | 99.99 | 344 | 0.00 | 1,410 | 0.01 |
| 7. To authorise the Directors to determine the remuneration of the auditor. | 12,863,831 | 99.99 | 581 | 0.00 | 670 | 0.01 |
| 8. To authorise the Directors to allot shares. | 12,851,291 | 99.89 | 13,791 | 0.11 | 0 | 0.00 |
| 9. To disapply the pre-emption provisions of The Companies Act 2006. | 12,853,927 | 99.91 | 9,155 | 0.07 | 2,000 | 0.02 |
| 10. To disapply the pre-emption provisions of The Companies Act 2006 for the purposes of financing an acquisition or capital investment. | 9,525,035 | 74.04 | 3,337,587 | 25.94 | 2,460 | 0.02 |
| 11. To renew the authority to the Company to make market purchases of its own shares. | 12,864,342 | 99.99 | 740 | 0.01 | 0 | 0.00 |
| CML Microsystems Plc Chris Gurry, Group Managing Director
| www.cmlmicroplc.com |
| Shore Capital Toby Gibbs James Thomas John More Fiona Conroy
| Tel: +44(0)20 7408 4090 |
| Alma PR Josh Royston Andy Bryant Matthew Young
|
Tel: +44 (0)20 3405 0212
|
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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