CML MICROSYSTEMS PLC

AGM Information • Aug 4, 2021

National Storage Mechanism | Additional information

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 31st 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 31st 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 31st 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 Chris Gurry, Group Managing Director Nigel Clark, Group Executive Chairman	www.cmlmicroplc.com Tel: +44(0)1621 875 500
Shore Capital Edward Mansfield James Thomas John More	Tel: +44(0)20 7408 4090
SP Angel Corporate Finance LLP Jeff Keating	Tel: +44(0)203 463 2260
Alma PR Josh Royston Caroline Forde Robyn Fisher 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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