AGM Statement

RNS Number : 7575P

CML Microsystems PLC

22 July 2010

 



 

CML MICROSYSTEMS Plc

AGM Statement

CML Microsystems Plc ("CML"), which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, held its Annual General Meeting today at 11am at Layer Marney Tower, Essex. 

Chairman's AGM Statement

Following the formal proceedings of the AGM, George Gurry, Chairman of CML, made the following statement regarding Group trading during the first quarter of this current trading year and prospects for the financial year ending March 2011.

"Having completed the formal items on today's agenda, and before moving on to take any shareholder questions, I will take this opportunity to update you on the group's opening performance and expectations for this current trading year.

As reported in the Interim Management Statement released on Monday, the group's operating results for the first trading quarter are materially ahead of expectations. As the IMS describes, the background to this improvement includes gains across all market and geographic areas, which I take as encouraging for expectations of your Company's continuing positive performance.

Although there will no doubt be challenges to meet, I feel confident that subject to unforeseen circumstances, your Company is on course to deliver continuing growth.

I would also like to take this opportunity to welcome our brokers Cenkos Securities to this AGM. As those of you who track announcements might know, Cenkos were appointed brokers to your Company during May of this year."

ENDS

Enquiries:

CML Microsystems Plc	www.cmlmicroplc.com
Nigel Clark, Financial Director	Tel: [phone]
Chris Gurry, Managing Director
Cenkos Securities plc	Tel: [phone]
Max Hartley
Walbrook PR Ltd	Tel: [phone]
Paul McManus	Mob: [phone]
	[e-mail]

 

END

 

 

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