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CML Microsystems PLC (CML)

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Wednesday 23 March, 2022

CML Microsystems PLC

Results of the 2022 General Meeting

RNS Number : 8026F
CML Microsystems PLC
23 March 2022
 

23 March 2022

 

CML Microsystems Plc

 

Results of the 2022 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 General Meeting ("GM") at 11.00am, Wednesday 23 March 2022.  All resolutions put to the shareholders as set out in the Notice of GM dated 2 March 2022 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 approve the CML Microsystems Plc Share Option Plan 2022

11,306,976

81.80

2,313,231

16.73

202,982

1.47

2. To approve the CML Microsystems Plc Long Term Incentive Plan 2022

13,419,571

97.08

400,726

2.90

2,982

0.02

 

 

 

 

CML Microsystems Plc

Chris Gurry, Group Managing Director
Nigel Clark, Executive Chairman

 

www.cmlmicroplc.com
Tel: +44(0)1621 875 500

Shore Capital

Toby Gibbs

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

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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