CML MICROSYSTEMS PLC

AGM Information • Mar 18, 2021

National Storage Mechanism | Additional information

RNS Number : 7548S

CML Microsystems PLC

18 March 2021

CML Microsystems Plc

Result of General Meeting

CML Microsystems Plc (the "Group" or the "Company"), which develops mixed-signal, RF and microwave semiconductors for global communications markets, announces that at its general meeting ("GM") held at 10.00 a.m. today the resolution put to shareholders, as set out in the Notice of GM dated 22 February 2021, was passed with the requisite majority on a poll. Accordingly, the Company announces that 16,551,685 redeemable preference shares of 50 pence each in the capital of the Company ("B Shares") will be issued tomorrow, Friday 19 March 2021.  A further announcement will be made tomorrow regarding the issue of the B Shares.

The poll results were as follows:

Resolution	For	%	Against	%	Withheld	%
1. (a) To adopt new Articles of Association of the Company in order to implement the B Share Scheme; and (b) to authorise the Board to: (i) capitalise a sum not exceeding £8.6 million and to apply such sum in paying up in full the B Shares; and (ii) allot and issue the B Shares, up to an aggregate nominal amount of £8.6 million, on the basis of one B Share for Ordinary Share held at the Record Time	13,662,918	99.99	1,000	0.01	506	0.00

CML Microsystems Plc Chris Gurry, Group Managing Director Nigel Clark, Group Non-Executive Chairman and Group Finance Director	www.cmlmicroplc.com Tel: +44(0)1621 875 500
Shore Capital Edward Mansfield James Thomas Fiona Conroy - Corporate Broking	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	Tel: +44 (0)20 3405 0205

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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