CML Microsystems PLC Result of AGM (6056H)
05 August 2021 - 12:55AM
UK Regulatory
TIDMCML
RNS Number : 6056H
CML Microsystems PLC
04 August 2021
4 August 2021
CML Microsystems Plc
Results of the 2021 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 11.00am, Wednesday 4 August 2021. All resolutions put to
the shareholders as set out in the Notice of AGM dated 25 June 2021
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 31(st) March 2021. 13,696,101 100.00 0 0.00 0 0.00
----------- ------- ---------- ------ --------- -----
2. To receive and approve the Directors' Remuneration
Report for the year ended 31(st) March
2021. 11,569,115 84.47 1,914,239 13.98 212,747 1.55
----------- ------- ---------- ------ --------- -----
3. To declare a final dividend of 50.0p per 5p ordinary
share for the year ended 31(st) March
2021. 13,696,101 100.00 0 0.00 0 0.00
----------- ------- ---------- ------ --------- -----
4. To re-appoint J Lindop as Director, who retires from
the Board by rotation. 13,694,625 99.99 1,276 0.01 200 0.00
----------- ------- ---------- ------ --------- -----
5. To send or supply all documents or information
relating to the Company to members by making
them available on a website. 13,694,441 99.99 1,000 0.01 660 0.00
----------- ------- ---------- ------ --------- -----
6. To appoint BDO LLP, as auditor of the Company. 13,695,101 99.99 1,000 0.01 0 0.00
----------- ------- ---------- ------ --------- -----
7. To authorise the Directors to determine the
remuneration of the auditor. 13,695,101 99.99 1,000 0.01 0 0.00
----------- ------- ---------- ------ --------- -----
8. To authorise the Directors to cancel the listing of
the Company on the standard segment
of the Official List of the Financial Conduct Authority
and admission to trading on the London
Stock Exchange plc's Main Market for listed securities
and to apply for admission of the said
ordinary shares to trading on AIM, a market operated by
London Stock Exchange plc 13,692,001 99.97 1,000 0.01 3,100 0.02
----------- ------- ---------- ------ --------- -----
9. To authorise the Directors to allot shares. 13,680,362 99.89 12,639 0.09 3,100 0.02
----------- ------- ---------- ------ --------- -----
10. To disapply the pre-emption provisions of The
Companies Act 2006. 13,680,162 99.88 12,099 0.09 2,840 0.02
----------- ------- ---------- ------ --------- -----
11. To disapply the pre-emption provisions of The
Companies Act 2006 for the purposes of financing
an acquisition or capital investment. 10,980,972 80.18 2,711,289 19.80 2,840 0.02
----------- ------- ---------- ------ --------- -----
12. To renew the authority to the Company to make market
purchases of its own shares. 13,692,185 99.97 276 0.00 2,640 0.02
----------- ------- ---------- ------ --------- -----
In accordance with Listing Rule 9.6.2R, a copy of the
Resolutions passed at the AGM will be submitted to the National
Storage Mechanism where it will shortly be available at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
.
Following the passing of the resolutions 8, the Group today
expects to make an application to cancel the Company's admission to
the Official List and to trading on the Main Market
("Cancellation") and seek admission to trading on AIM
("Admission"). The Cancellation is expected to become effective at
8.00 a.m. on 3 September 2021 and Admission is expected to become
effective at 8.00 a.m. on the same date, 3 September 2021.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Nigel Clark, Group Executive
Chairman
Shore Capital Tel: +44(0)20 7408 4090
Edward Mansfield
James Thomas
John More
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)20 3405 0212
Caroline Forde
Robyn Fisher
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGSSDFLLEFSEIA
(END) Dow Jones Newswires
August 04, 2021 10:55 ET (14:55 GMT)
Cml Microsystems (LSE:CML)
Historical Stock Chart
From Apr 2024 to May 2024
Cml Microsystems (LSE:CML)
Historical Stock Chart
From May 2023 to May 2024