CML MICROSYSTEMS PLC

AGM Information • Jul 31, 2019

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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 Chris Gurry, Group Managing Director Neil Pritchard, Group Financial Director			www.cmlmicroplc.com Tel: +44(0)1621 875 500
Shore Capital Edward Mansfield James Thomas			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			Tel: +44 (0)20 3405 0212

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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